Schedule for Week of April 10, 2022

The key reports this week are March CPI and retail sales.

For manufacturing, the March Industrial Production report and the April NY Fed manufacturing survey will be released this week.

—– Monday, April 11th —–
No major economic releases scheduled.

—– Tuesday, April 12th —–
6:00 AM ET: NFIB Small Business Optimism Index for March.

8:30 AM: The Consumer Price Index for March from the BLS. The consensus is for 1.2% increase in CPI (up 8.5% YoY) and a 0.5% increase in core CPI (up 6.6% YoY).

—– Wednesday, April 13th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Producer Price Index for March from the BLS. The consensus is for a 1.1% increase in PPI, and a 0.5% increase in core PPI.

—– Thursday, April 14th —–
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a increase to 175 thousand from 166 thousand last week.

8:30 AM: Retail sales for March is scheduled to be released.  The consensus is for a 0.6% 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 16.1% on a YoY basis in February.

10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for April).

—– Friday, April 15th —–
8:30 AM: The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of 2.0, up from -11.8.

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for March.

This graph shows industrial production since 1967.

The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 77.8%.

10:00 AM: State Employment and Unemployment (Monthly) for March 2022