Economic Data Forecasts For The Week Of May 18

Upcoming economic data releass for the week of May 18 point to rising inflation expectations and steady jobless claims.

Photo by Guillermo Arroyo

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of May 18

May 18

NAHB Index - May

35

34

May 19

Housing Starts - April

1.400M

1.502

Building Permits

1.450

1.372

Pending Home Sale Index - April

74.1

73.7

May 20

May 21

Initial Unemployment Claims

210K

210

Philadelphia Fed Survey - May

18.0

26.7

Kansas City Fed Manufacturing Index - May

10

10

PMI Manufacturing Flash Index - May

53.8

54.5

PMI Services Flash 

51.5

51.0

May 22

Michigan Consumer Sentiment Index - May (r)

48.2

48.2(p)

Year Ahead Inflation

4.7%

4.5

Leading Indicators - April

-0.3%

-0.6

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