Introduction In the constantly evolving world of finance, investors and market enthusiasts always have their eyes set on the economic calendar. It’s a critical tool that highlights significant events that might influence market movements. Here’s a comprehensive overview of what to expect from the economic calendar for the week of August 13 to August 19, 2023.
Key Data Releases for the Week
1. United States: Core Economic Indicators
Tuesday, August 15
- U.S. Retail Sales (July): An increase was observed to 0.4%, a significant bump from the previous 0.2%.
- Retail Sales minus autos (July): The sales remain consistent at 0.4%.
- Import Price Index (July): This indicated a subtle rise of 0.2% as compared to the -0.2% in the preceding period.
- Empire State Manufacturing Survey (August): This survey reported a decrease with a figure of -1.4, contrasting with the prior 1.1.
- NAHB Builders Confidence Index (August): An optimistic 57 was noted, a slight increase from 56.
Wednesday, August 16
- Housing Starts (July): A promising 1.45 million was documented, marginally exceeding the previous 1.43 million.
- Building Permits (July): At 1.47 million, it shows a positive trajectory against the 1.44 million previously noted.
- Industrial Production (July): A rise to 0.3% from a previous drop of -0.5%.
- Capacity Utilization (July): A growth to 79.1% from 78.9%.
- FOMC Minutes of July meeting: This is keenly watched by investors for insights into the Federal Reserve’s future monetary policies.
Thursday, August 17
- Initial Jobless Claims (Aug. 12): A slight decline was noticed with figures landing at 240K from the previous 248K.
- Philadelphia Fed Manufacturing Survey (August): The data portrayed a decline to -10 from -13.5, hinting at a potential recovery.
- U.S. Leading Economic Indicators (July): A contraction of -0.4% as compared to the prior -0.7%.
2. Anticipated Announcements
Tuesday, August 22
- Richmond Fed Manufacturing Index (August): A previous figure of -9 hints at industry anticipation.
Wednesday, August 23
- PMI Manufacturing (August P): The last known figure stands at 49.0.
- PMI Composite (August P): Previously recorded at 52.0.
- PMI Services (August P): It was last observed at 52.3.
- New Home Sales – Units (July): The number stood firm at 697K.
- New Home Sales – Median Prices (July): A price of 415.40K was noted.
Thursday, August 24
- Durable Goods Orders (M-o-M July): An impressive rise was witnessed previously at 4.7%.
- Durable Goods Orders Ex. Defense (M-o-M July): A significant increase of 6.2% was documented.
Conclusion The economic calendar for August 13-19, 2023, is packed with significant data releases and anticipated announcements. Investors, traders, and market analysts will be closely monitoring these numbers to gauge market health and make informed decisions. It’s essential to approach these figures with a balanced perspective, considering global market dynamics and potential geopolitical influences.
For those seeking a deeper understanding of how these indicators can impact their trading strategies or investment portfolios, it’s crucial to stay updated with reliable sources and perhaps consult with financial experts.
