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This week’s reports:

  • March’s CPI rose 1.5% y/y (-0.4% m/m) versus February’s 2.3% y/y (+0.1% m/m). CPI ex Food & Energy rose 2.1% y/y (-0.1% m/m) versus February’s 2.4% y/y (+0.2% m/m).
  • April’s Michigan Consumer Sentiment Index (prelim.) fell to 71 from March’s 89.1.
  • March’s Retail Sales plunged 8.7%, deepest drop on record, from February’s -0.4%. Retail Sales ex Autos fell 4.5% from February’s -0.4%.
  • April’s NAHB Housing Market Index tumbled to 30 from March’s reading of 72.
  • March’s Building Permits dropped 6.8% from February’s -6.3%. Housing Starts tumbled 22.3% from February’s -3.4%.
  • March’s NFIB Small Business Optimism Index fell to 96.4 from February’s 104.5.
  • April’s Michigan Consumer Sentiment Index (prelim.) dropped to 71 from March’s 89.1.
  • April’s NY Empire State Manufacturing Index tumbled to -78.2, its lowest level in the history of the survey by a wide margin, from March’s reading of -21.5.
  • March’s Industrial Production dropped 5.4%, its largest decrease since January 1946, from February’s +0.5%. Capacity Utilization fell to 72.7% from February’s 77%.
  • April’s Philadelphia Fed Manufacturing Survey fell to -56.6, its lowest reading since July 1980, from March’s -12.7.
  • Initial Jobless Claims for the week ending April 11th fell by 1,370K to 5,245K. Continuing Jobless Claims for the week ending April 4th rose by 4.53M to 11.976M.