Economic Data And Forecasts For The Weeks Of December 17 And 24

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 17

December 17

NY Fed Manufacturing Index

21.0

23.3

21.0

NAHB Index

62

60

61

December 18

Housing Starts - November

1.220M

1.228

1.222

Building Permits

1.265

1.265

1.258

December 19

Current Account - Q3

-$123.2B

-101.5

-124.0

Existing Home Sales - November

5.150M

5.220

5.190

FMOC

2.375%

2.215

2.375

December 20

Initial Unemployment Claims

220

204

221

Philadelphia Fed Survey

16.0

12.9

17.5

Leading Indicators - Nobember

0.0%

0.1

0.0

December 21

Durable Goods Orders - November

1.5%

-4.3

1.5

GDP - Q3 (f)

3.5%

3.5

3.5

GDP Implicit Price Deflator

1.7

1.7

1.7

Personal Income - November

0.3%

0.5

0.3

Personal Spending

0.3

0.6

0.3

Michigan Consumer Sentiment - December (r)

97.5

97.5

97.5

Week of December 24

December 24

Chicago Fed National Activity Index - November

0.24

0.24

December 26

S&P Case/Shiller Index - October

Twenty City M/M

0.0%

0.0

Twenty City M/M - SA

0.4

0.3

Twenty City Y/Y

4.9

5.1

Richmond Fed Manufacturing Index

15

14

December 27

Initial Unemployment Claims

FHFA Housing Price Index - Oct

0.2%

0.2

New Home Sales - November

550M

544.0

Consumer Confidence

135.0

135.7

December 28

International Trade in Goods - November

-73.3

-77.2

Wholesale Inventories (a) - November

0.3%

0.8

Pending Home Sale Index - November

101.5

102.1