Economic Data Forecasts For The Weeks Of February 8 And 15

Expectations for upcoming data releases, including CPI, Retail Sales, NAHB.

Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of February 8      
February 9      
NFIB Small Business Optimism Index - January 98.5 95.9  
JOLTS - December 6.400K 6.527  
       
February 10      
Consumer Price Index - January 0.1% 0.4 0.3
Core CPI 0.2 0.1 0.2
       
Wholesale Inventories (f) 0.1% 0.1  
Treasury Budget - January -$625B -143.6  
       
February 11      
Initial Unemployment Claims 750K 779 750
       
February 12      
Michigan Consumer Sentiment - February (p) 81.0 79.0 80.7
       
Week of February 15      
February 16      
NY Fed Manufacturing Index 5 3.5  
       
February 17      
Retail Sales - January 0.6% -0.7  
Retail Sales, ex Autos 0.8 -1.4  
Retail Sales, ex Autos and Gas   -2.1  
       
Producer Price Index - January 0.3% 0.3  
Core PPI (PPI ex Food, Energy, Trade Services) 0.2 0.4  
       
Industrial Production - January 0.4% 1.6  
Manufacturing Output 0.5 0.9  
Capacity Utilization 74.8 74.5  
       
Business Inventories - December 0.3% 0.5  
       
February 18      
Housing Starts - January 1.650M 1.669  
Building Permits 1.670 1.709  
       
Philadelphia Fed Survey 20.00 26.5  
       
Export Prices - January 1.0% 1.1  
Import Prices 1.0 0.9  
Import Prices, Ex-Petroleum 0.5 0.4  
       
NAHB Index - February  83 83  
       
February 19      
Existing Home Sales - January 6.560M 6.760  
       

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