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Schedule for Week of Mar 11, 2018

Summary:
The key economic reports this week are February Housing Starts, Retail Sales and the Consumer Price Index (CPI).For manufacturing, February industrial production, and the March New York, and Philly Fed manufacturing surveys, will be released this week.----- Monday, Mar 12th -----10:00 AM: State Employment and Unemployment (Monthly) for January 2018----- Tuesday, Mar 13th -----6:00 AM ET: NFIB Small Business Optimism Index for February.8:30 AM: The Consumer Price Index for February from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.----- Wednesday, Mar 14th -----7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.8:30 AM ET: Retail sales for February will be released.  The consensus

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The key economic reports this week are February Housing Starts, Retail Sales and the Consumer Price Index (CPI).

For manufacturing, February industrial production, and the March New York, and Philly Fed manufacturing surveys, will be released this week.

----- Monday, Mar 12th -----

10:00 AM: State Employment and Unemployment (Monthly) for January 2018

----- Tuesday, Mar 13th -----

6:00 AM ET: NFIB Small Business Optimism Index for February.

8:30 AM: The Consumer Price Index for February from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.

----- Wednesday, Mar 14th -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Schedule for Week of Mar 11, 20188:30 AM ET: Retail sales for February will be released.  The consensus is for a 0.4% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 3.5% on a YoY basis.

8:30 AM: The Producer Price Index for February from the BLS. The consensus is a 0.2% increase in PPI, and a 0.2% increase in core PPI.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for January.  The consensus is for a 0.5% increase in inventories.

----- Thursday, Mar 15th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 230 thousand initial claims, down from 231 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for March. The consensus is for a reading of 23.3, down from 25.8.

8:30 AM ET: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of 14.6, up from 13.1.

10:00 AM: The March NAHB homebuilder survey. The consensus is for a reading of  72, unchanged from 72 in February. Any number above 50 indicates that more builders view sales conditions as good than poor.

----- Friday, Mar 16th -----

Schedule for Week of Mar 11, 20188:30 AM: Housing Starts for February.

This graph shows single and total housing starts since 1968.

The consensus is for 1.284 million SAAR, down from 1.326 million SAAR.

Schedule for Week of Mar 11, 20189:15 AM: The Fed will release Industrial Production and Capacity Utilization for February.

This graph shows industrial production since 1967.

The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 77.7%.

Schedule for Week of Mar 11, 201810:00 AM ET: Job Openings and Labor Turnover Survey for January from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in December to 5.811 million from 5.978 in November.

The number of job openings (yellow) were up 4.9% year-over-year, and Quits were up 5.6% year-over-year.

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for March). The consensus is for a reading of 98.5, down from 99.7.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

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