Economic Data Forecasts For The Week Of July 13

June economic forecasts suggest cooling inflation with a flat CPI projection for the week of July 13.

Photo by Guillermo Arroyo

Here are my forecasts for upcoming economic data.

Forecast

Prior

Observation

Week of July 13

July 14

NFIB Small Business Optimism Index - June

95.7

95.3

Consumer Price Index - June

0.0%

0.5

Core CPI

0.3

0.2

July 15

Producer Producer Index - June

0.6%

1.1

PPI less food energy and trade services

0.4

0.8

NY Fed Manufacturing Index

6.0

5.7

July 16

Retail Sales - June

0.2%

0.9

Retail Sales, ex Autos

0.2

0.8

Retail Sales, ex Autos and Gasoline

0.3

0.5

Retail Sales, Gasoline

-4.3

3.4

Business Inventories - May

0.2%

0.5

NAHB Index - July

36

35

Pending Home Sale Index - June

77.5

76.8

July 17

Philadelphia Fed Survey

9.5

10.3

Housing Starts - June

1.300M

1.177

Building Permits

1.430

1.413

Export Prices -  June

0.6%

1.3

Import Prices

0.1

1.9

Import Prices, ex-Energy

0.5

13.0

Industrial Production - June

0.3%

0.1

Capacity Utilization

76.4

76.2

Manufacturing

0.3

0.0

Michigan Consumer Sentiment Index (p)

50.5

49.5

Year Ahead Inflation

4.5%

4.6

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