Economic Data For The Weeks Of November 7 and 14

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of November 7

November 7

Consumer Credit - September

$17.8B

25.8

18.7

November 8

NFIB Small Business Optimisim Index - October

94.1

94.1

94.2

JOLTS - September

9.510

5.443

November 9

Wholesale Inventories - September

0.2%

-0.2

0.2

Wholesale Sales

November 10

Initial Unemployment Claims

260K

265

263

Treasury Budget - October

-$77.5B

33.4

November 11

Michigan Consumer Sentiment Index - November (p)

87.2

87.2

87.1

Week of November 14

November 15

Retail Sales - October

0.6%

0.6

0.5

Retail Sales, ex Autos

0.5

0.5

0.4

NY Fed Manufacturing Index

-2.0

-6.8

-2.0

Export Prices -  October

-0.1%

0.3

0.1

Import Prices

0.4

0.1

0.3

Business Inventories - August

0.1%

0.2

0.2

November 16

Producer Price Index - October

0.2%

0.3

0.3

PPI Core

0.1

0.3

0.2

Industrial Production - October

0.2%

0.1

0.2

Capacity Utilization

75.5

75.4

75.6

NAHB Index

63

63

63

November 17

Consumer Price Index - October

0.3%

0.3

0.4

Core CPI

0.2

0.1

0.2

Housing Starts - October

1.110M

1.047

1.164

Building Permits

1.190

1.225

1.2

Philadelphia Fed Survey

8.2

9.7

8.2

November 18

Leading Indicators

0.1%

0.2

0.1