Economic Events on April 16, 2012

At 8:30 AM Eastern Time, the Empire State manufacturing index for April will be released. The consensus is that the index value will be 18, which would be 2.21 points lower than the value reported in the previous month.

Also at 8:30 AM Eastern time, the Retail Sales report for March will be released.  The consensus is that retail sales were 0.3% higher last month, after an increase of 1.1% in the previous month.

At 9:00 AM Eastern time, the Treasury International Capital report for February will be released, showing the flow of capital in and out of the United States economy.

At 10:00 AM Eastern time, the Housing Market Index for April will be announced.  This index is created from a survey of home builders, so it shows the confidence that the sector has in the overall economy and their business.

Also at 10:00 AM Eastern time, the Business Inventories report for February will be released.  The consensus is that inventories increased 0.6% from the previous month.

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