by Calculated Risk on 10/22/2022 08:11:00 AM
The key reports this week are the advance estimate of Q3 GDP and September New Home sales.
Other key indicators include Personal Income and Outlays for September and Case-Shiller house prices for August.
For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week.
8:30 AM ET: Chicago Fed National Activity Index for September. This is a composite index of other data.
This graph shows the year-over-year change in the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).
9:00 AM: FHFA House Price Index for August. This was originally a GSE only repeat sales, however there is also an expanded index.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for October.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.
The consensus is for 590 thousand SAAR, down from 685 thousand in August.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 214 thousand last week.
8:30 AM: Gross Domestic Product, 3rd quarter 2022 (advance estimate). The consensus is that real GDP increased 2.4% annualized in Q3, up from -0.6% in Q2.
8:30 AM ET: Durable Goods Orders for September from the Census Bureau. The consensus is for a 0.5% increase in durable goods orders.
11:00 AM: Kansas City Fed Survey of Manufacturing Activity for October.
8:30 AM ET: Personal Income and Outlays for September. The consensus is for a 0.3% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.5%. PCE prices are expected to be up 6.2% YoY, and core PCE prices up 5.2% YoY.
10:00 AM: Pending Home Sales Index for September. The consensus is 5.0% decrease in the index.
10:00 AM: University of Michigan’s Consumer sentiment index (Final for October). The consensus is for a reading of 59.8.