This week's major U.S. economic reports (April 4 - April 8)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, APRIL 4
10 am Factory orders Feb. -0.6% 1.4%
10 am Core capital equipment orders Feb. -- -0.3%
TUESDAY, APRIL 5
8:30 am Foreign trade deficit Feb. -$88.2 billion -$89.7 billion
9:45 am S&P Global (Markit) serivces PMI (final) March 58.9 58.9
10 am ISM services index March 58.0% 56.5%
WEDNESDAY, APRIL 6
2 pm FOMC minutes
THURSDAY, APRIL 7
8:30 am Initial jobless claims April 2 200,000 202,000
8:30 am Continuing jobless claims March 26 -- 1.31 million
3 pm Consumer credit Feb. $15 billion $7 billion
FRIDAY, APRIL 8
10 am Wholesale inventories (revision) Feb. 2.1% 2.1%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: April 4 April 8
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Mar 30, 2022 | 3 min read
Demand for manufacturing and services will be a major focus this week, with key economic data tied to the broader economy slated for release.
Investors will look to get a better sense of demand with monthly factory orders, wholesale inventories, and the Non-Manufacturing Purchasing Managers Index (PMI) all due.
Inflation is soaring, and Russias invasion of Ukraine is stretching into its second month, leaving investors wondering if consumers will continue normal spending habits. That will come into focus this week with a set of economic data points connected to manufacturing and services set to be published.
First out of the gate is factory orders for February, which tracks orders of durable and nondurable goods. If the number of orders is rising, that indicates demand is strong. Also scheduled for release this week is the Non-Manufacturing PMI for March, which tracks demand in the services sector, as well as wholesale inventories for March, which measures how much inventory manufacturers have in stock.
If that goes up, it indicates demand among consumers and business buyers is starting to slow. Also on the schedule this week is initial and existing unemployment claims, plus new mortgage applications for last week.
{snip}