by calculated risk October 26, 2024 08:11:00 AM
Boo!
Key reports this week are advance estimates of third-quarter GDP and the October employment report.
Other key indicators include September personal income and spending, PCE prices, August Case-Shiller home prices, October ISM Manufacturing and Services Index, and October vehicle sales.
—– Monday, October 28 —–
10:30 AM: Dallas Fed Survey of Manufacturing Activity For October. This is the last regional Fed survey for October.
—– Tuesday, October 29 —–
9 AM ET: S&P/Case-Shiller Home Price Index For August. The consensus is that the Composite 20 Index will rise 6.0% year-on-year.
This graph shows the annual changes in the Nominal Seasonally Adjusted Country Index, Composite 10, and Composite 20 Index through the most recent report (Composite 20 launched in January 2000).
9 AM: FHFA Home Price Index For August. This was originally a GSE-only recurring sale, but there are also expanded indices.
10 AM: Job postings and personnel turnover surveys BLS September.
This graph shows JOLTS’ job postings (black line), hiring (purple), layoffs, layoffs and other (red column), and retirements (light blue column).
The number of jobs increased from 7.71 million in July to 8.04 million in August.
The number of job openings (black) decreased by 14% compared to the previous year. The retirement rate decreased by 14% compared to the previous year.
10 AM: Q3 Home Vacancy and Home Ownership Report from the Census Bureau.
—– Wednesday, October 30 —–
7 a.m. ET: The Mortgage Bankers Association (MBA) releases findings on: Mortgage Purchase Application Index.
8:15 AM: ADP Employment Report For October. This report applies to private payroll only (not government). The consensus was that 108,000 new jobs would be added, down from 143,000 in September.
8:30 AM: GDP in the third quarter of 2024 (preliminary estimate). The consensus is that real GDP grew at an annualized rate of 3.0% in the third quarter, unchanged from 3.0% in the second quarter.
10 AM: Pending Home Sales Index In September. The consensus is a 1.0% decrease in the index.
—– Thursday, October 31 —–
8:30 AM: First Weekly Unemployment Claim The report is made public. The number of initial claims settled was 230,000, up from 227,000 the previous week.
8:30 AM ET: personal income and expenses In September. It was agreed that personal income would increase by 0.4% and personal spending would increase by 0.4%. And the core PCE price index will increase by 0.3%. PCE prices are expected to rise by 2.1% and core PCE prices by 2.6% compared to the same period last year.
9:45 AM: Chicago Purchasing Managers Index For October. The consensus is expected to be 46.0, down from 46.6 in September.
—– Friday, November 1 —–
8:30 AM: employment report For October. There was agreement that 120,000 jobs would be added and the unemployment rate would remain unchanged at 4.1%.
In September, 254,000 jobs were added and the unemployment rate was 4.1%.
This graph shows jobs added by month since January 2021.
10 AM: ISM Manufacturing Index For October. Consensus rose to 47.6 from 47.2.
10 AM: construction cost In September. The consensus is that there will be no change in spending.
All day: light car sales For October.
The consensus is for revenue of 15.8 million SAAR, unchanged from 15.8 million SAAR (seasonally adjusted annual rate) in September.
This graph shows light vehicle sales since BEA began keeping data in 1967. The dotted line is the current sales rate.
