Economic Data And Forecasts For The Weeks Of Jan. 7 And 14

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of January

January 7

Factory Orders - November

0.5%

-2.1

0.4

Durable Goods Orders

0.8

-4.3

Nondurable Goods Orders

0.3

0.3

ISM Services - December

59.5

60.7

58.4

January 8

NFIB Small Business Optimism Index - Dec

104.0

104.8

104.0

International Trade - November

-$51.8

-55.5

-53.9

Consumer Credit - November

$20.0B

25.4

19.0

January 10

Initial Unemployment Claims

220K

231

222

Wholesale Inventories - November

0.4%

0.8

0.4

January 11

Consumer Price Index - December

-0.1%

0.0

-0.1

Core CPI

0.2

0.2

0.2

Treasury Budget - December

$0.0B

-204.9

Week of January 14

January 15

Producer Price Index - December

0.0%

0.1

January 16

Export Prices - December

-0.6%

-0.9

Import Prices_ December

-1.3

-1.6

Retail Sales - December

0.2%

0.3

Retail Sales, ex autos

0.2

0.2

Retail Sales, ex autos and gasoline

0.4

0.5

Business Inventories - November

0.3%

0.6

NAHB Index - January

58

56

January 17

Housing Starts - December

1.256M

1.256

Building Permits

1.300

1.328

Philadelphia Fed Index

10.0

9.4

January 18

Industrial Production - December

0.2%

0.6

Capacity Utilization

78.4

78.5

Manufacturing

0.2

0.0

Michigan Consumer Sentiment - January (p)

97.5

98.3