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This week's major U.S. economic reports (May 23 - May 27)
Uh-oh. PCE inflation is coming up on Friday.
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 23
None scheduled
TUESDAY, MAY 24
9:45 am S&P Global U.S. manufacturing PMI (flash) May 58.0 59.2
9:45 am S&P Global U.S. services PMI (flash) May 55.4 55.6
10 am New home sales (SAAR) April 750,000 763,000
WEDNESDAY, MAY 25
8:30 am Durable goods orders April 0.6% 0.8%
8:30 am Core capital equipment orders April -- 0.9%
2 pm FOMC minutes
THURSDAY, MAY 26
8:30 am Initial jobless claims May 21 222,000 218,000
8:30 am Continuing jobless claims May 14 -- 1.32 million
8:30 am Real gross domestic product revision (SAAR) Q1 -1.3% -1.4%
8:30 am Real final sales to domestic purchasers revision (SAAR) Q1 -- 2.6%
8:30 am Real gross domestic income (SAAR) Q1 -- 5.1%
10 am Pending home sales index April -1.7% -1.2%
FRIDAY, MAY 27
8:30 am PCE inflation April -- 0.9%
8:30 am Core PCE inflation April 0.3% 0.3%
8:30 am PCE inflation (year-over-year) April -- 6.6%
8:30 am Core PCE inflation April 4.9% 5.2%
8:30 am Real disposable income April -- -0.4%
8:30 am Real consumer spending April -- 0.2%
8:30 am Nominal personal income April 0.5% 0.5%
8:30 am Nominal consumer spending April 0.6% 1.1%
8:30 am Advance trade in goods April -- -$125.3 billion
10 am UMich consumer sentiment index (final) May 59.1 59.1
10 am 5-year inflation expectations (final) May -- 3.0%
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 23
None scheduled
TUESDAY, MAY 24
9:45 am S&P Global U.S. manufacturing PMI (flash) May 58.0 59.2
9:45 am S&P Global U.S. services PMI (flash) May 55.4 55.6
10 am New home sales (SAAR) April 750,000 763,000
WEDNESDAY, MAY 25
8:30 am Durable goods orders April 0.6% 0.8%
8:30 am Core capital equipment orders April -- 0.9%
2 pm FOMC minutes
THURSDAY, MAY 26
8:30 am Initial jobless claims May 21 222,000 218,000
8:30 am Continuing jobless claims May 14 -- 1.32 million
8:30 am Real gross domestic product revision (SAAR) Q1 -1.3% -1.4%
8:30 am Real final sales to domestic purchasers revision (SAAR) Q1 -- 2.6%
8:30 am Real gross domestic income (SAAR) Q1 -- 5.1%
10 am Pending home sales index April -1.7% -1.2%
FRIDAY, MAY 27
8:30 am PCE inflation April -- 0.9%
8:30 am Core PCE inflation April 0.3% 0.3%
8:30 am PCE inflation (year-over-year) April -- 6.6%
8:30 am Core PCE inflation April 4.9% 5.2%
8:30 am Real disposable income April -- -0.4%
8:30 am Real consumer spending April -- 0.2%
8:30 am Nominal personal income April 0.5% 0.5%
8:30 am Nominal consumer spending April 0.6% 1.1%
8:30 am Advance trade in goods April -- -$125.3 billion
10 am UMich consumer sentiment index (final) May 59.1 59.1
10 am 5-year inflation expectations (final) May -- 3.0%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: May 23-May 27
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 17, 2022 | 3 min read
• Consumer spending on everything from homes to high-priced items will be on the agenda this week.
• Be on the lookout for new housing sales, durable goods orders, manufacturing output and consumer sentiment for May.
Investors wondering how consumers are doing in the wake of record-high inflation, rising interest rates and soaring gas prices will get more clarity this week with a slate of key economic data scheduled for release.
First up is the S&P Global Manufacturing, Composite and Services PMI Flash reports for May, which give investors insight into manufacturing activity and productivity. Activity in April increased, but at a slower pace. More of the same is expected for May.
Durable goods orders for April, which are also on the agenda this week, will provide more insight into whether consumers and businesses are reigning in spending on big ticket items, which would negatively impact the economy.
New home sales for April are scheduled for release, as well as the University of Michigan’s consumer sentiment survey for May. Existing and new jobless claims round out the economic data for the week.
{snip}
Up next for the markets: May 23-May 27
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 17, 2022 | 3 min read
• Consumer spending on everything from homes to high-priced items will be on the agenda this week.
• Be on the lookout for new housing sales, durable goods orders, manufacturing output and consumer sentiment for May.
Investors wondering how consumers are doing in the wake of record-high inflation, rising interest rates and soaring gas prices will get more clarity this week with a slate of key economic data scheduled for release.
First up is the S&P Global Manufacturing, Composite and Services PMI Flash reports for May, which give investors insight into manufacturing activity and productivity. Activity in April increased, but at a slower pace. More of the same is expected for May.
Durable goods orders for April, which are also on the agenda this week, will provide more insight into whether consumers and businesses are reigning in spending on big ticket items, which would negatively impact the economy.
New home sales for April are scheduled for release, as well as the University of Michigan’s consumer sentiment survey for May. Existing and new jobless claims round out the economic data for the week.
{snip}