For manufacturing, the March Industrial Production report and the April NY and Philly Fed manufacturing surveys will be released this week.
No major economic releases scheduled.
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 0.5% increase in CPI, and a 0.2% increase in core CPI.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
12:00 PM: Discussion, Fed Chair Jerome Powell, Economic Club of Washington Interview, At the Economic Club of Washington
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 720 thousand from 744 thousand last week.
8:30 AM: Retail sales for March is scheduled to be released. The consensus is for a 5.5% increase in retail sales. The consensus is probably low (given the stimulus checks).
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 7.0% on a YoY basis in February.
8:30 AM: The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of 18.2, up from 17.4.
8:30 AM: the Philly Fed manufacturing survey for April. The consensus is for a reading of 43.0, down from 51.8.
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 3.0% increase in Industrial Production, and for Capacity Utilization to increase to 75.8%.
10:00 AM: The April NAHB homebuilder survey. The consensus is for a reading of 83, up from 82. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM ET: Housing Starts for March.
This graph shows single and total housing starts since 1968.
The consensus is for 1.600 million SAAR, up from 1.421 million SAAR in February.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for April).
10:00 AM: State Employment and Unemployment (Monthly) for March 2021