Schedule for Week of August 27, 2023

by Calculated Danger on 8/26/2023 08:11:00 AM

The important thing report this week is the August employment report on Friday.

Different key indicators embrace the second estimate of Q2 GDP, Private Earnings and Outlays for July, the August ISM manufacturing index, August auto gross sales, and Case-Shiller home costs for June.

—– Monday, August twenty eighth —–

10:30 AM: Dallas Fed Survey of Manufacturing Exercise for August. That is the final of the regional Fed manufacturing surveys for August.

—– Tuesday, August twenty ninth —–

Case-Shiller House Prices Indices9:00 AM: S&P/Case-Shiller Home Value Index for June.

This graph exhibits the year-over-year change within the seasonally adjusted Nationwide Index, Composite 10 and Composite 20 indexes via the newest report (the Composite 20 was began in January 2000).

The consensus is for a 1.1% year-over-year lower within the Comp 20 index for June.

9:00 AM: FHFA Home Value Index for June. This was initially a GSE solely repeat gross sales, nonetheless there may be additionally an expanded index.

Job Openings and Labor Turnover Survey10:00 AM Job Openings and Labor Turnover Survey for July from the BLS.

This graph exhibits job openings (yellow line), hires (purple), Layoff, Discharges and different (crimson column), and Quits (mild blue column) from the JOLTS.

Jobs openings decreased in June to 9.58 million from 9.62 million in Might.

The variety of job openings (black) have been down 13% year-over-year and Quits have been down 9% year-over-year.

—– Wednesday, August thirtieth —–

7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy purposes index.

8:15 AM: The ADP Employment Report for August. This report is for personal payrolls solely (no authorities).

8:30 AM: Gross Home Product, 2nd quarter 2022 (second estimate). The consensus is that actual GDP elevated 2.4% annualized in Q2, unchanged from the advance estimate of two.4% in Q2.

10:00 AM: Pending Dwelling Gross sales Index for July. The consensus is for a 0.8% lower within the index.

—– Thursday, August thirty first —–

8:30 AM: The preliminary weekly unemployment claims report shall be launched.  The consensus is for 235 thousand preliminary claims, up from 230 thousand final week.

8:30 AM: Private Earnings and Outlays, July 2023. The consensus is for a 0.3% enhance in private earnings, and for a 0.7% enhance in private spending. And for the Core PCE worth index to extend 0.2%.  PCE costs are anticipated to be up 3.0% YoY, and core PCE costs up 4.1% YoY.

9:45 AM: Chicago Buying Managers Index for August.

—– Friday, September 1st —–

Employment per month8:30 AM: Employment Report for August.   The consensus is for 187,000 jobs added, and for the unemployment charge to be unchanged at 3.5%.

There have been 187,000 jobs added in July, and the unemployment charge was at 3.5%.

This graph exhibits the roles added per 30 days since January 2021.

10:00 AM: ISM Manufacturing Index for August. The consensus is for the ISM to be at 46.6, up from 46.4 in July.

10:00 AM: Development Spending for July. The consensus is for a 0.5% enhance in development spending.

Vehicle SalesAll Day: Gentle automobile gross sales for August. The consensus is for mild automobile gross sales to be 15.4 million SAAR in August, down from 15.7 million in July (Seasonally Adjusted Annual Fee).

This graph exhibits mild automobile gross sales because the BEA began retaining information in 1967. The dashed line is the gross sales charge for final month.

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