Economic Data And Forecasts For The Weeks Of July 9 And July 16

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of July 9

July 9

Consumer Credit - May

$12.0B

9.3

12.4

July 10

NFIB Small Business Optimism Index - June

106.5

107.8

106.0

JOLTS - May

6.700

6.698

6.700

July 11

Producer Producer Index - June

0.1%

0.5

0.2

Core PPI (less food, energy and trade services

0.2

0.1

0.2

Wholesale Inventories - May

0.5%

0.5

0.5

July 12

Initial Unemployment Claims

225K

231

225

Consumer Price Index - June

0.1%

0.2

0.2

Core CPI

0.2

0.2

0.2

Treasury Budget - June

-$135.0B

-146.8

July 13

Export Prices - June

0.1%

0.6

0.3

Import Prices

-0.2

0.6

0.2

Import Prices, ex-Energy

Michigan Consumer Sentiment Index (p)

98.2

98.2

98.2

Week of July 16

July 16

Retail Sales - June

0.8%

0.8

Retail Sales, ex Autos

0.4

0.9

Retail Sales, ex Autos and Gasoline

0.5

0.8

NY Fed Manufacturing Index

22.5

25.0

Business Inventories - May

0.4%

0.3

July 17

Industrial Production - June

0.5%

-0.1

Capacity Utilization

78.3

77.9

Manufacturing

0.6

-0.7

NAHB Index - July

70

68

July 18

Housing Starts - June

1.320M

1.350

Building Permits

1.340

1.301

July 19

Philadelphia Fed Survey

22.0

21.5

Leading Indicators

0.2%

0.3