August 13, 2020 Headlines
Initial jobless claims came in better than expected and posted a reading of less than a million for the first time since March. The median forecast called for 1.1 million in new claims while actual claims came in 963,000. While recent labor market data has shown signs of improvement, the overall market continues to struggle with nearly 15.5 million American still filing for unemployment benefits.
Hafizan Hamzah
Director, Investment Management Group
Date | Event | Survey | Actual | Prior | Revised |
8/10/20 | JOLTS Job Openings | 5300 | 5889 | 5397 | 5371 |
8/11/20 | NFIB Small Business Optimism | 100.5 | 98.8 | 100.6 | — |
8/11/20 | PPI Final Demand MoM | 0.30% | 0.60% | -0.20% | — |
8/11/20 | PPI Ex Food and Energy MoM | 0.10% | 0.50% | -0.30% | — |
8/11/20 | PPI Ex Food, Energy, Trade MoM | 0.20% | 0.30% | 0.30% | — |
8/11/20 | PPI Final Demand YoY | -0.70% | -0.40% | -0.80% | — |
8/11/20 | PPI Ex Food and Energy YoY | 0.00% | 0.30% | 0.10% | — |
8/11/20 | PPI Ex Food, Energy, Trade YoY | 0.10% | 0.10% | -0.10% | — |
8/12/20 | MBA Mortgage Applications | — | 6.80% | -5.10% | — |
8/12/20 | CPI MoM | 0.30% | 0.60% | 0.60% | — |
8/12/20 | CPI Ex Food and Energy MoM | 0.20% | 0.60% | 0.20% | — |
8/12/20 | CPI YoY | 0.70% | 1.00% | 0.60% | — |
8/12/20 | CPI Ex Food and Energy YoY | 1.10% | 1.60% | 1.20% | — |
8/12/20 | CPI Index NSA | 258.54 | 259.1 | 257.797 | — |
8/12/20 | CPI Core Index SA | 266.59 | 267.72 | 266.065 | — |
8/12/20 | Real Avg Hourly Earning YoY | — | 3.70% | 4.30% | 4.10% |
8/12/20 | Real Avg Weekly Earnings YoY | — | 4.30% | 4.60% | 4.70% |
8/12/20 | Monthly Budget Statement | -$90.0b | -$63.0b | -$119.7b | — |
8/13/20 | Import Price Index MoM | 0.60% | 0.70% | 1.40% | — |
8/13/20 | Import Price Index ex Petroleum MoM | 0.10% | 0.20% | 0.30% | — |
8/13/20 | Import Price Index YoY | -3.10% | -3.30% | -3.80% | -3.90% |
8/13/20 | Export Price Index MoM | 0.40% | 0.80% | 1.40% | 1.20% |
8/13/20 | Export Price Index YoY | — | -4.40% | -4.40% | -5.10% |
8/13/20 | Initial Jobless Claims | 1100k | 963k | 1186k | 1191k |
8/13/20 | Continuing Claims | 15800k | 15486k | 16107k | 16090k |
8/13/20 | Bloomberg Consumer Comfort | — | — | 44.9 | — |
8/14/20 | Retail Sales Advance MoM | 2.00% | — | 7.50% | — |
8/14/20 | Retail Sales Ex Auto MoM | 1.30% | — | 7.30% | — |
8/14/20 | Retail Sales Ex Auto and Gas | 1.00% | — | 6.70% | — |
8/14/20 | Retail Sales Control Group | 0.80% | — | 5.60% | — |
8/14/20 | Nonfarm Productivity | 1.50% | — | -0.90% | — |
8/14/20 | Unit Labor Costs | 6.90% | — | 5.10% | — |
8/14/20 | Industrial Production MoM | 3.00% | — | 5.40% | — |
8/14/20 | Capacity Utilization | 70.30% | — | 68.60% | — |
8/14/20 | Manufacturing (SIC) Production | 3.00% | — | 7.20% | — |
8/14/20 | Bloomberg Aug. United States Economic Survey | ||||
8/14/20 | Business Inventories | -1.10% | — | -2.30% | — |
8/14/20 | U. of Mich. Sentiment | 71.9 | — | 72.5 | — |
8/14/20 | U. of Mich. Current Conditions | 82.3 | — | 82.8 | — |
8/14/20 | U. of Mich. Expectations | 65.5 | — | 65.9 | — |
8/14/20 | U. of Mich. 1 Yr Inflation | 2.90% | — | 3.00% | — |
8/14/20 | U. of Mich. 5-10 Yr Inflation | — | — | 2.60% | — |
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