The Economic Week Ahead…..

15. October 2007 by Burbank Real Estate.

Monday 15

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus 12.5

3 Month & 6 Month Bill Auction

Tuesday 16

Industrial Production Consensus.1%

Housing Market Index-Produced by the National Association of Home Builders. This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.

State Street Investor Confidence Index Measures actual levels of risk in investor portfolio.

Treasury Int’l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Bank of Canada Monetary Policy Announcement

4 Week bill Auction

Wednesday 17

Housing Starts Consensus 1.30M Starts dropped in July by a revised 6.1% and fell 2.6% in August.

CPI-Consumer Price Index- Consensus 0.2% measures average price of a fixed set of goods and services used by consumers.

MBA Purchase Applications measures applications at mortgage lenders. This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Beige Book

Thursday 18

Leading Indicators-Consensus .3% -Report looks at ten different sources that are supposed to indicate overall economic activity. This figure tends to be revised after the fact and does not do a great job of predicting downturns or upturns.

Jobless Claims Unemployment claims. Consensus 312k

EIA Natural Gas Report-Tracks natural gas inventories.

Philidelphia Fed Survey- Consensus 7.0…this consensus is up from last month’s, the lower the number indicates a slower growth rate for manufacturing.

3 , 6 month Treasury Bill, 5 Year Tips Annoucement Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Friday 19

No reports due out!

This week eyes will be on the Empire State Manufacturing Survey as it will give a snapshot of October activity so far. Housing Starts and the Housing Market Index will be out this week and are considered a gauge of economic activity and momentum.

Fed Chairman Bernanke will be speaking throughout the week at several events so there may be some interesting comments made.

Some very interesting reports due out this week, so we’ll see what happens next!

Have a great week!

Remember to click on the links for more information on each report.

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