Economic Data Forecasts For The Weeks Of August 16 And 23


Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of August 16
August 16
New York Fed Manufacturing Index	33.0	43.0	29.0

August 17
Retail Sales - July	-0.3%	0.6	-0.2
Retail Sales, ex Autos	0.2	1.3	0.2

Industrial Production - July	0.5%	0.4	0.5
Manufacturing	0.5	-0.1	0.6
Capacity Utilization	75.7	75.4	75.7

Business Inventories - June	0.8%	0.6	0.8
NAHB Index	80	80	80

August 18
Housing Starts - July	1.660	1.643	1.602
Building Permits	1.680	1.598	1.610

August 19
Initial Unemployment Claims	370K	375	360
Philadelphia Fed Survey	26.3	21.9	25
Leading Economic Indicators	0.9%	0.7	0.8

Week of August 23
August 23
Chicago Fed National Activity Index - July	0.20	0.09

PMI Manufacturing Flash Index	63.9	63.4
PMI Services Flash	59.4	59.9

Existing Home Sales - July	5.810M	5.860	5.850

August 24
New Home Sales - July	700K	676	700
Richmond Fed Manufacturing Index	27	27

August 25
Durable Goods Sales - July	0.5%	0.9	-0.4

August 26
GDP - Q2 (p)	6.5%	6.5	6.6

August 27
International Trade in Goods - July	$91.2B	91.2
Wholesale Inventories - July (a)	1.0%	1.1

Personal Income - July	0.2%	0.1	0.3
Personal Spending	0.5	1.0	0.4
Real Personal Spending

Michigan Consumer Sentiment Index - August (r)	70.2	70.2