Economic Reports Are Back
October 21, 2013 by UPI - United Press International, Inc.
NEW YORK (UPI) — The economic reports calendar for the week includes September’s employment situation report that was delayed during the U.S. government shutdown.
A budget impasse in Washington resulted in a shutdown of non-essential government services, which lasted from Oct. 1 until Oct. 17. In the process, dozens of reports investors and academics rely on were derailed, including the heavily scrutinized employment situation report that was due for release Oct. 4.
It is now on the docket for Tuesday, Oct. 22, making it 23 days late.
The report underscores the point that this week, economists will be counting their blessings along with the other data.
The week starts with a report on existing home sales for September released by the National Association of Realtors Monday. (The trade group reported existing home sales slipped 1.9 percent to a seasonally adjusted annual rate of 5.29 million in the month.)
This is followed Monday by the Conference Board’s monthly leading economic indicators report for China.
On Tuesday, along with the Labor Department’s employment situation report for September, the Richmond Federal Reserve Bank will release its monthly manufacturing report for Central Atlantic states.
On Wednesday, the Office of Federal Reserve Housing home price index for August is due and on Thursday private research firm Markit Economics begins a new cycle of purchasing managers index reports, beginning with reports on European manufacturing and service industries.
Markit’s manufacturing PMI for the United States is also due Thursday, as is a Kansas City Federal Reserve Bank regional manufacturing report, a Census Bureau report on new home sales for September, and the Labor Department’s weekly unemployment claims report.
On Friday, the Office of National Statistics is set to release its initial estimate for the country’s third-quarter gross domestic product.
Among major reports, the Census Bureau completes the week with September’s durable goods report, a hard number portrait of factory orders, shipments and inventory for factories that make goods expected to last three years or more. That includes items with large price tags, such as planes, trains, bulldozers, capital machinery — such as printing presses and farm equipment — and ocean liners.