Economic Data And Forecasts For The Weeks Of August 6 And August 13

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of August 6

August 7

JOLTS - June

6.650M

6.638

6.650

Consumer Credit - June

$16.5K

24.6

16.0

August 9

Initial Unemployment Claims

218K

218

220

Producer Price Index - July

0.2%

0.3

0.3

PPI less food energy and trade services

0.2

0.3

0.2

Energy

Wholesale Inventories

0.0%

0.0

0.0

August 10

Consumer Price Index - July

0.2%

0.1

0.2

CPI Core

0.2

0.2

0.2

Treasury Budget - July

-$77.3B

-74.9

-73.5

Week of August 13

August 14

NFIB Small Business Optimism Index - July

107.5

107.2

Export Prices - July

0.1%

0.3

Import Prices

-0.1

-0.4

August 15

Retail Sales - July

0.5%

0.5

Retail Sales, ex Autos

0.5

0.4

Retail Sales, ex Autos and Gas

0.4

0.3

New York Fed Manufacturing Index

20.3

22.6

Productivity - Q2 (p)

2.5%

0.4

Unit Labor Costs

-0.5

-0.4

Industrial Production - July

0.3%

0.6

Manufacturing

0.5

0.8

Capacity Utilization

78.2

78.0

Business Inventories - June

0.1%

0.3

NAHB Index

69

68

August 16

Initial Unemployment Claims

Housing Starts - July

1.256M

1.173

Building Permits

1.300

1.273

Philadelphia Fed Survey

22.5

25.7

August 17

Leading Economic Indicators

0.4%

0.5

Michigan Consumer Sentiment (p)

98.3

97.9