Wednesday is particularly busy:
Economic data highlights this week include the Conference Board’s Leading Economic Index for September on Thursday and
Manufacturing and Services Purchasing Managers’ Indexes for October on Friday. The Federal Reserve’s latest beige book summary of economic conditions in the U.S. is out on Wednesday.
There will also be several housing-market indicators published this week. On Monday, the National Association of Home Builders releases the NAHB/
Housing Market Index for October. On Tuesday, the Census Bureau reports new residential construction data for September. And on Thursday, the National Association of Realtors reports existing-home sales for September.
The National Association of Home Builders releases the NAHB/Wells Fargo Housing Market Index for October. Consensus estimate is for an 83 reading, even with the September data. The 83 figure for September is an all-time high in the 35-year history of the index.
The Census Bureau reports new residential construction data for September. Expectations are for a seasonally adjusted annual rate of 1.47 million housing starts, slightly above August’s 1.42 million. Building permits are seen coming in at 1.53 million, higher than the 1.48 million figure from August.
Thermo Fisher Scientific,
and Verizon Communications report quarterly results.
The Federal Reserve releases the beige book, which summarizes current economic conditions in the 12 Federal Reserve districts. This will be the seventh of eight beige book releases for the year.
Less than a fortnight before Election Day, the final debate between President Donald Trump and former Vice President Joe Biden takes place at Belmont University in Nashville.
The National Association of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.4 million existing homes sold, up from six million in August. The August figure was the highest since late 2006, and up more than 50% from the recent pandemic low set in May.
The Conference Board releases its Leading Economic Index for September. Consensus estimate is for a 0.7% month-over-month rise to 107.2.
American Express and Illinois Tool Works report quarterly results.
IHS Markit releases its Manufacturing and Services Purchasing Managers’ Indexes for October. Expectations are for 55 and 55.2 readings, respectively, both slightly above the September data.
Write to Nicholas Jasinski at email@example.com