Retail sales data for October will be released by the Census Bureau next week, as will the National Association of Home Builders' Housing Market Index for November.
Housing starts will be reported by the Census Bureau on Thursday, and existing-home sales will be reported by the National Association of Realtors on Friday.
On Friday, the Conference Board will release its Leading Economic Index for October. This will be the second consecutive decline of 0.4% month-over-month.
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The retail giant Walmart reports its fiscal 2023 third-quarter earnings. Shares of the company have fallen just 1.5% this year.
Home Depot and Advance Auto Parts report quarterly results.
A report on the producer price index for October is published by the Bureau of Labor Statistics. It is expected that the economy will grow 8.3% year-over-year, two tenths of a percentage point less than in September. PPI core, which excludes volatile food and energy prices, is expected to rise 7.2%, matching September's increase. Although the PPI is still historically high, it is more than three percentage points below its record high.
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Retail sales data for October are released by the Census Bureau. A 0.5% month-over-month gain is expected, while sales excluding autos are expected to rise 0.6%. The estimates are half a percentage point higher than September's.
In November, the National Association of Home Builders releases its Housing Market Index. According to the consensus, the reading will be 36, two points lower than in October. This year, the index has fallen more than 40 points due to rising mortgage rates.
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General Motors and Procter & Gamble host their annual investor days.
Residential construction statistics for October are released by the Census Bureau. Privately owned housing starts are expected to be 1.4 million seasonally adjusted annually, roughly in line with September's figures. As the housing market continues to slow and canceled deals increase, home starts have fallen nearly 20% this year.
In its Leading Economic Index for October, the Conference Board releases its findings. Economists expect a 0.4% month-over-month decline, matching September’s. In 2022, the Conference Board forecasts a sluggish 1.5% growth in gross domestic product, a decline from most of this year.
According to the National Association of Realtors, existing-home sales decreased in October. Based on consensus estimates, 4.36 million is the seasonally adjusted annual rate, 7.5% less than in September. Compared to a year ago, the median price of an existing home sold for $384,000 in September.
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