GET READY: Here Comes Another Big Week For The Economy

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Photo: Flickr Jose and Roxanne

Last week was kind of light data-wise.This week’s upcoming slate of econ data, however is stacked with juicy morsels.

Here’s a quick preview, with estimates from Nomura.

Monday:

  • Empire Fed Survey: Estimate -7.5 up from -8.8 previously.
  • Industrial production: Estimate 77.2 down from 77.4 (due to Hurricane Irene).

Tuesday:

  • Producer prices: Estimate -0.1%

Wednesday:

  • Housing starts Estimate of +4.7% or 598K annualized due to Hurricane IreneĀ 
  • Beige Book (no estimate)

Thursday:

  • Jobless claims: Estimate 404K
  • Philly Fed Survey: Estimate -9.9 up from -17.5 previously
  • Existing home sales: -2.5% after the 7.7% jump in August.

Of course, it will be jam packed with Europe news, as Sarkozy and Merkel have promised a solution on banks and debt within just a few days.

Oh, and of course tons of earnings, which we’ll be covering all week.

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