by Calculated Risk on 1/21/2023 08:11:00 AM
The key reports scheduled for this week are the advance estimate of Q4 GDP, December New Home sales and December Personal Income and Outlays.
For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released.
No major economic releases are scheduled.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for January.
10:00 AM: State Employment and Unemployment (Monthly) for December 2022
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
During the day: The AIA’s Architecture Billings Index for December (a leading indicator for commercial real estate).
8:30 AM: Gross Domestic Product, 4th quarter and Year 2022 (Advance estimate). The consensus is that real GDP increased 2.6% annualized in Q4.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 205 thousand initial claims, up from 190 thousand last week.
8:30 AM: Durable Goods Orders for December. The consensus is for a 2.6% increase in durable goods.
8:30 AM ET: Chicago Fed National Activity Index for December. This is a composite index of other data.
This graph shows New Home Sales since 1963.
The dashed line is the sales rate for last month.
The consensus is for 614 thousand SAAR, down from 640 thousand in November.
11:00 AM: the Kansas City Fed manufacturing survey for January.
8:30 AM ET: Personal Income and Outlays for December. The consensus is for a 0.2% increase in personal income, and for a 0.1% decrease in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 5.0% YoY, and core PCE prices up 4.4% YoY.
10:00 AM: Pending Home Sales Index for December. The consensus is for a -1.0% decrease in the index.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for January). The consensus is for a reading of 64.6.