Week 29 of the 2020 U.S. Economic Calendar highlights Housing Starts, manufacturing, and employment data.
Last week’s market recap:
Virus cases continued to grow at record-levels in Florida over the weekend. On Sunday, the state’s health experts claimed 15,000 new daily cases in the state.
Markets are awaiting new vaccine news. Housing markets continue to outperform expectations week after week, particularly new home sales and mortgage applications.
The week ahead will feature key developments in manufacturing. Of course, all eyes will remain on weekly unemployment claims as well as any news on vaccines for COVID-19.
Here are your key economic updates for the week ahead, July 13 – July 17:
Monday, July 13
- No big market events scheduled
Tuesday, July 14
- Small Business Optimism Index for June
- Consumer Price Index for June – consensus is a 0.6% increase and a 0.1% increase in core CPI
Wednesday, July 15
- MBA will release mortgage purchase applications index
- Empire State Manufacturing Survey for July – consensus is a reading of 7.9, up from -0.2
- Fed Reserve Beige Book (notes on current economic climate)
Thursday, July 16
- Weekly unemployment claims – consensus is 1.200 million, down from last week’s 1.314 million claims.
- Retail sales for June – consensus is a 5.5% increase
- Philly Fed Manufacturing Survey for July – consensus is a reading of 20.0, down from 27.5
- NAHB home builder survey – consensus is a reading of 60, up from 58. A number above 50 indicates positive outlook
Friday, July 17
- Housing Starts for June – consensus is a seasonlly-adjusted 1.180 million units up from 0.974 million in May
- U. of Michigan’s Consumer Sentiment Index for July
- Monthly State Employment and Unemployment for June 2020