Week 8 of the 2020 U.S. Economic Calendar highlights manufacturing reports and home data.
The United States continues to see lingering global economic concern from the Coronavirus outbreak in China. On Monday, Apple lowered it’s quarterly guidance and sales expectations on the back of decreased output from Chinese manufacturing plants. The DOW opened Tuesday morning more than 100 points off Friday’s close in response to Apple’s news.
In the politics-effecting-markets landscape, Democratic presidential candidates will be competing in Nevada for the state’s primary vote on Tuesday.
Here are your key economic updates for the week ahead – February 17-21:
Monday, February 17
- U.S. Markets closed in observance of Washington’s Birthday
Tuesday, February 18
- Empire State Manufacturing Survey
- NAHB Homebuilder survey – Consensus is unchanged at 75. Number greater than 50 indicates growth confidence in construction environment.
Wednesday, February 19
- MBA will release mortgage purchase applications index
- Housing Starts for January
- Producer Price Index for December
- FOMC Minutes
Thursday, February 20
- Weekly unemployment claims
- Philadelphia Federal Reserve Manufacturing survey
Friday, February 21
- Existing Home Sales report from National Association of Realtors. Consensus is down to 5.45 million units from 5.54M.