Economic Data Forecasts For The Weeks Of Feb. 5 and 12

Here are my forecasts for upcoming economic data
	Forecast	Prior Observation	Consensus
Week of February 5
February 5
PMI Services Index - January	52.9	52.9
ISM Services - January	51.6	50.6	52.0

February 7
International Trade - December	-$62.2B	-63.2	-62.0
Consumer Credit - December	$10.0B	23.7	15.0

February 8
Initial Unemployment Claims	220K	224	220
Wholesale Inventories (f)	0.4%	0.4	0.4

Week of February 12
February 12
Treasury Budget - January	-20.0B	-129.4

February 13
NFIB Small Business Optimism Index - January	92.9	91.9

Consumer Price Index - January	0.2%	0.3
Core CPI	0.3	0.3

February 15
Retail Sales - January	0.2%	0.6
Retail Sales, ex Autos	0.3	0.4
Retail Sales, ex Autos and Gas	0.4	0.6

Philadelphia Fed Survey	-15.0	-10.6
NY Fed Manufacturing Index	-20.2	-43.7

Export Prices - January	-0.2%	-1.6
Import Prices	-0.1	0.0
Import Prices, Ex-Petroleum	-0.2	0.0

Industrial Production - January	-0.1%	0.1
Manufacturing Output	-0.1	0.1
Capacity Utilization	78.4	78.6

Business Inventories - December	0.3%	-0.1
NAHB Index - February	46	44

February 16
Producer Price Index - January	0.2%	-0.1
Core PPI (PPI ex Food, Energy, Trade Services)	0.2	0.2

Housing Starts - January	1.490M	1.460
Building Permits	1.520	1.495

Michigan Consumer Sentiment - February (p)	80.0	79.0

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