Economic Data Forecast For The Week Of Oct. 19

Economic forecasts for the week of October 19 project a rise in housing starts and continued strength in the services sector. Initial unemployment claims are expected at 200K, while manufacturing indices suggest a mixed outlook.

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Photo by Laszlo Biro on Unsplash

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of October 19

October 19

NAHB Index

32.0

32.0

 

October 20

Housing Starts - September

1.310M

1.275

Building Permits

1.380

1.394

Pending Home Sale Index - September

71.0

71.2

October 22

Initial Unemployment Claims

200K

199

Leading Indicators 

-0.1%

-0.1

Kansas City Fed Manufacturing Index

7

14

October 23

PMI Manufacturing Flash Index

55.0

55.9

PMI Services Flash Index

57.5

54.9

Michigan Consumer Sentiment Index - Oct (r)

46.3

46.3

Disclaimer:

Econ o

@PMorici1.

 

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