Week 35 of the 2020 U.S. Economic Calendar highlights second estimates of Q2 GDP, Personal Income and Overlays, Case-Shiller’s June home price update, and New Home sales for July.
Here are your key economic updates for the week ahead, August 24 – August 28:
Monday, August 24
- Chicago Fed National Activity Index
Tuesday, August 25
- S&P/Case-Shiller House Price Index for June – consensus is a 3.6% year-over-year increase in the study’s Comp 20 index
- FHFA House Price Index
- New Home Sales for July from the Census Bureau – consensus is for 786 thousand units
- Richmond Fed Survey of Manufacturing Activity for August
Wednesday, August 26
- MBA will release mortgage purchase applications index
- Durable Goods Orders for July – consensus is a 4.3% increase
Thursday, August 27
- Weekly unemployment claims – consensus is 1.100 million, down from last week’s spike back up to 1.106 million.
- 2nd Estimate of Q2 Gross Domestic Product (GDP) – consensus is -32.6%, up from earlier estimates of -32.9% real GDP annualized
- Fed Speech at Jackson Hole by Chair Jerome Powell
- Pending Home Sales for July – consensus is a 4.5% increase
- Kansas City Fed Manufacturing Survey for August
Friday, August 28
- Personal Income and Overlays, July 2020 – consensus is a 0.2% decrease in personal income, and a 1.5% increase in personal spending.
- Chicago Purchasing Managers Index for August
- University of Michigan’s Consumer Sentiment Index – final August consensus is a 72.8 reading