Economic Data Forecasts For The Weeks Of August 10 And 17

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of August 10

August 10

JOLTS - June

5.500M

5.397

August 11

NFIB Small Business Optimisim Index - July

102.0

100.6

Producer Price Index - July

0.3%

-0.2

0.3

PPI less food energy and trade services

0.2

0.3

August 12

Consumer Price Index - July

0.3%

0.6

0.3

CPI Core

0.2

0.2

0.2

August 13

Initial Unemployment Claims

1150K

1186

1140

Export Prices -July

0.4%

1.4

0.4

Import Prices

0.3

1.4

0.5

August 14

Retail Sales - July

1.7%

7.5

1.8

Retail Sales, ex Autos

1.5

7.3

1.6

Retail Sales, ex Autos and Gas

1.2

6.7

Productivity - Q2 (p)

-1.7%

-0.9

Unit Labor Costs

14.4

5.1

Industrial Production - July

3.0%

5.4

3.0

Manufacturing

3.0

7.2

3.0

Capacity Utilization

70.0

68.6

70.2

Business Inventories - June

-1.2%

-2.3

-1.2

Michigan Consumer Sentiment (p)

75.0

72.5

72.0

Week of August 17

August 17

New York Fed Manufacturing Index

15.0

17.2

18.0

NAHB Index

74

72

August 18

Housing Starts - July

1.250M

1.186

1240

Building Permits

1.350

1.241

August 20

Initial Unemployment Claims

Philadelphia Fed Survey

22.0

24.1

20.0

Leading Economic Indicators

1.0%

2.0

1.1

August 21

Existing Home Sales - July

5.400

4.720

4.980