This post first appeared on Floating Path
The U.S. federal government should be back up and running 100% now (or however close the government ever gets to 100%). Some of the economic releases missed during the shutdown were cancelled, but most of them have just been postponed. Next week we will start to see the economic data being published at a more typical frequency.
A recap of this week’s U.S. economic events:
- The monthly international trade deficit was $38.8 billion in August.
- New orders for durable goods were up 3.7% in September.
- Construction spending increased 0.6% in August.
- FHFA house prices increased 0.3% in August.
- Consumer sentiment sunk to 73.2 in October.
- The Kansas City Fed Manufacturing Survey moved further into expansion at a +6 reading in October.
- The Richmond Fed Manufacturing Survey moved into expansion with a +1 reading in October.
- Initial jobless claims for the week declined to 350k. The insured unemployment rate was unchanged at 2.2%.
- The NFCI was unchanged for the week at -0.83.
- Store sales for the week began to stabilize in the aftermath of the government shutdown.
- M2 increased 0.26% week over week.
All U.S. leading economic indicators, where they currently stand, what their trend has been, and how their current status relates to the historical movement in that indicator.
U.S. economic schedule for the week ahead:
Monday, October 28, 2013
Tuesday, October 29, 2013
- Producer Price Index – Last up 1.4% Y/Y.
- Retail Sales – Last up 4.7% Y/Y.
- Case-Shiller House Price Index – Last up 12.4% Y/Y.
- Consumer Confidence – Last at 79.7.
- Business Inventories – Last inventories-to-sales at 1.28.
- Weekly Store Sales
Wednesday, October 30, 2013
- FOMC Meeting Policy Statement
- ADP Employment – Last +166k payrolls.
- Consumer Price Index – Last up 1.5% Y/Y.
- Weekly National Financial Conditions Index
Thursday, October 31, 2013
- Chicago PMI – Last at 55.7.
- Weekly Initial Jobless Claims
- Weekly Money Supply
Friday, November 1, 2013