While this week is typically a slow trading week with Labor Day right around the corner there are some reports that will be of interest to traders and the Fed. Mostly dealing with job numbers here is a breakdown of the reports released this week.
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The key report this week is the August employment report on Friday.
Other key indicators include the August ISM manufacturing index and August vehicle sales, both on Tuesday, and the July Trade Deficit on Thursday.
9:45 AM: Chicago Purchasing Managers Index for August. The consensus is for a reading of 54.9, up from 54.7 in July.
10:30 AM: Dallas Fed Manufacturing Survey for August.
Here is a long term graph of the ISM manufacturing index.
The ISM manufacturing index indicated expansion at 52.7% in July. The employment index was at 52.7%, and the new orders index was at 56.5%.
10:00 AM: Construction Spending for July. The consensus is for a 0.8% increase in construction spending.
This graph shows light vehicle sales since the BEA started keeping data in 1967. The dashed line is the July sales rate.
7:00 AM: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for August. This report is for private payrolls only (no government). The consensus is for 210,000 payroll jobs added in August, up from 185,000 in July.
10:00 AM: Manufacturers’ Shipments, Inventories and Orders (Factory Orders) for July. The consensus is a 0.9% increase in orders.
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 273 thousand initial claims, up from 271 thousand the previous week.
This graph shows the U.S. trade deficit, with and without petroleum, through June. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is for the U.S. trade deficit to be at $42.9 billion in July from $42.8 billion in June.
10:00 AM: the ISM non-Manufacturing Index for August. The consensus is for index to decrease to 58.5 from 60.3 in July.
8:30 AM: Employment Report for August. The consensus is for an increase of 223,000 non-farm payroll jobs added in August, up from the 215,000 non-farm payroll jobs added in July.
The consensus is for the unemployment rate to decrease to 5.2%.