Economic Data And Forecasts For The Weeks Of September 10 And 17

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of September 10

September 10

Consumer Credit - July

$14.0B

10.2

14.0

September 11

NFIB Small Business Optimism Index - August

108.0

107.9

108.2

JOLTS - July

6.665M

6.662

6.665

Wholesale Inventories - July

September 12

Producer Price Index - August

0.2%

0.0

0.2

PPI Core (less food, energy and trade services)

0.2

0.3

0.2

September 13

Initial Unemployment Claims

210K

203K

210

Consumer Price Index - August

0.2%

0.2

0.3

Core CPI

0.2

0.2

0.2

Treasury Budget - August

-$178.0B

-76.9

-166.5

September 14

Retail Sales - August

0.4%

0.5

0.4

Retail Sales, ex Autos

0.5

0.6

0.5

Retail Sales, Less Autos and Gas

0.5

0.6

0.4

Export Prices - August

-0.1%

-0.5

0.2

Import Prices

-0.2

0.0

-0.1

Industrial Production - August

0.2%

0,1

0.4

Capacity Utilization

78.2

78.1

78.3

Manufacturing

0.2

0.3

0.2

Business Inventories - July

0.5%

0.1

0.5

Michigan Consumer Sentiment - Sept (p)

97.0

96.2

97.0

Week of September 17

September 17

NY Fed Manufacturing Index

23.8

25.6

September 18

NAHB Index

68

67

September 19

Housing Starts - August

1.250M

1.168

Building Permits

1.320

1.311

Current Account - Q2

$105.1B

124.1

September 20

Philadelphia Fed Survey

19.2

11.9

Existing Home Sales - August

5.460M

5.340

Leading Indicators

0.5%

0.6