Economic Data Forecasts For The Weeks Of February 17 and 24

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of February 17

February 18

NY Fed Manufacturing Index

4.0

4.8

5.0

NAHB Index - February

73

75.0

75

February 19

Producer Price Index - January

0.1%

0.1

0.1

Core PPI (PPI ex Food, Energy, Trade Services)

0.2

0.1

0.2

Housing Starts - January

1.400M

1.608

1.415

Building Permits

1.420

1.416

1.450

February 20

Philadelphia Fed Survey

8.0

17.0

12.0

Initial Unemployment Claims

212K

205

210

Leading Indicators - January

0.1%

-0.3

0.4

February 21

PMI Manufacturing Flash Index

51.0

51.9

51.5

PMI Services Flash Index

53.5

53.4

53.4

Existing Home Sales - January

5.350M

5.540

5,45

Week of February 24

February 24

Chicago Fed National Activity Index

-0.20

-0.35

Dallas Fed Manufacturing Index

0.0

-0.2

February 25

S&P Case/Shiller Index - December

Twenty City M/M

0.0%

0.1

Twenty City M/M - SA

0.5

0.5

0.5

Twenty City Y/Y

2.8

2.6

FHFA Housing Market Index - December

0.4%

0.2

Consumer Confidence Index - February

132.5

131.6

Richmond Fed Manufacturing Index

5

20

February 26

New Home Sales - Jan

695K

694

705

February 27

Durable Goods Orders - January

1.2%

2.4

-1.5

GDP - Q4 (p)

2.1%

2.1

2.100

Pending Home Sales - January

105.0

103.2

February 28

International Trade in Goods - January (a)

-68.5

-68.3

Wholesale Inventories (a) - January

-0.2%

-0.2

Personal Income - January

0.3%

0.2

0.3

Personal Spending

0.3

0.3

0.3

Chicago PMI - February

45.5

42.9

45.3

Michigan Consumer Sentiment - February (r)

100.9%

100.9