Economic Data Forecasts For The Weeks Of August 5 And 12

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of August 5

August 5

PMI Services Index

52.2

52.2

52.2

ISM Services - July

55.6

55.1

55.5

August 6

JOLTS - June

7.325M

7.372

7.293

August 7

Consumer Credit - June

16.4B

17.1

16.3

August 8

Initial Unemployment Claims

215K

215

215

Wholesale Inventories - June

0.2%

0.2

0.2

August 9

Producer Price Index - July

0.2%

0.1

0.2

PPI less food energy and trade services

0.2

0.3

0.2

Week of August 12

August 12

Treasury Budget - July

-$97B

-8.5

August 13

NFIB Small Business Optimisim Index - July

104.5

103.3

Consumer Price Index - July

0.2%

0.1

CPI Core

0.2

0.3

August 14

Export Prices - July

-0.1%

-0.7

Import Prices

0.0

-0.9

Import Prices, ex-Petroleum

-0.1

-0.4

August 15

Initial Unemployment Claims

Philadelphia Fed Survey

11.1

21.8

Retail Sales - July

0.4%

0.4

Retail Sales, ex Autos

0.5

0.4

Retail Sales, ex Autos and Gas

0.5

0.7

New York Fed Manufacturing Index

4.6

4.3

Productivity - Q2 (p)

1.1%

3.4

Unit Labor Costs

2.7

-1.6

Industrial Production - July

0.4%

0.0

Capacity Utilization

78.2

77.9

Business Inventories - June

0.2%

0.3

NAHB Index

65

65

August 16

Housing Starts - July

1.259

1.253

Building Permits

1.265

1.220

Michigan Consumer Sentiment (p)

98.4

98.4