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Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.
Reports for the Week of November 7
Consumer Price Index, October (Thursday)
- Prior monthly CPI/core CPI growth: +0.4%/+0.6%
- Expected monthly CPI/core CPI growth: +0.6%/+0.5%
- Actual monthly CPI/core CPI growth: +0.4%/+0.3%
- Prior year-over-year CPI/core CPI growth: +8.2%/+6.6%
- Expected year-over-year CPI/core CPI growth: +7.9%/+6.5%
- Actual year-over-year CPI/core CPI growth: +7.7%/+6.3%
University of Michigan consumer sentiment, preliminary November
- Expected/prior month sentiment: 59.5/59.9
- Actual sentiment: 54.7
Consumer sentiment fell more than expected, as consumer views on current economic conditions soured to start November.
Upcoming Reports for the Week of November 14
Producer Price Index, October (Tuesday)
The Producer Price Index report is set to show continued inflationary pressure, with prices expected to rise 0.5 percent in October.
Retail sales, October (Wednesday)
Retail sales are expected to increase 0.9 percent during the month, signaling continued consumer resilience.
National Association of Home Builders Housing Market Index, November (Wednesday)
Home builder confidence is expected to drop in November as the housing sector continues to cool.
Housing starts and building permits, October (Thursday)
Both starts and permits are expected to slow during the month, as home builders cut back on new home construction due to slowing home buyer demand.
Existing home sales, October (Friday)
Existing home sales are expected to fall for the ninth month in a row, driven by rising mortgage rates and slowing prospective home buyer demand.
