Economic Data And Forecasts For The Weeks Of June 5 And June 12

Here are my forecasts for upcoming economic data.

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Forecast

Prior Observation

Consensus

Week of June 5

June 5

Productivity - Q1 (r)

-0.1%

-0.6

-0.2

Unit Labor Costs

2.5

3.0

2.6

Factory Orders - April

-0.2%

0.2

-0.2

PMI Services Index

54.0

54.0

54.0

ISM Services - May

57.0

57.5

57.0

June 6

JOLTS - April

5.725M

5.743

5.725

June 7

Consumer Credit - April

$17.0B

16.4

17.0

June 8

Initial Unemployment Claims

240K

248

241

June 9

Wholesale Inventories - April

-0.3

-0.3%

-0.3

Week of June 12

June 12

Treasury Budget - May

-$103.0B

182.4

June 13

NFIB Small Business Optimism Index - May

105.0

104.5

Producer Price Index - May

0.1%

0.5

PPI Core

0.2

0.4

June 14

Consumer Price Index - May

0.0%

0.2

Core CPI

0.2

0.1

Retail Sales - May

0.2%

0.4

Retail Sales, ex Autos

0.3

0.3

Business Inventories - April

-0.1%

0.2

June 15

Initial Unemployment Claims

Philadelphia Fed Survey Index

22.0

38.8

NY Fed Manufacturing Index

5.0

-1.0

Export Prices -  May

0.2%

0.5

Import Prices

0.1

0.2

Industrial Production - May

0.1%

1.0

Capacity Utilization

76.7

76.7

NAHB Index - June

70

70

June 16

Housing Starts - May

1.225M

1.172

Building Permits

1.250

1.229

Michigan Consumer Sentiment - June (p)

97.5

97.1