Economic Data Forecasts For The Weeks Of Jan. 18 And 25

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of January 18
January 21
Initial Unemployment Claims	875K	965	868
Housing Starts - December	1.564M	1.547	1.560
Building Permits	1.600	1.635	1.604

Philadelphia Fed Index	14.0	11.1	12.0

January 22
PMI Manufacturing Flash Index - January	57.1	57.1	56.5
PMI Services Flash Index - January	53.0	54.8	53.5

Existing Home Sales - December	6.400M	6.690	6.540
NAHB Index - January	86	86	86

Week of January 25
January 25
Chicago Fed National Activity Index - December	0.10	0.27

January 26
S&P Case/Shiller Index - November
Twenty City M/M	0.3%	1.3
Twenty City M/M - SA	0.7	1.6
Twenty City Y/Y	8.1	7.9

FHFA Housing Market Index - November	0.5%	1.5
Consumer Confidence - January	92.6	88.6
Richmond Fed Index	19	19

January 27
Durable Goods Orders - December	2.4%	1.0
FMOC	0.125%	0.125

January 28
GDP - Q4 (a)	3.5%	33.4
GDP Implicit Price Deflator

International Trade in Goods (a)	-$83.5B	-84.8
Wholesale Inventories (a)	0.5%	0.0
Leading Indicators	0.6%	0.6
New Home Sales - December	900K	841.0

January 29
Employment Cost Index - Q4	0.5%	0.5
Employment Cost Index - Y/Y	2.2	2.4

Personal Income - December	0.0%	-1.1
Personal Spending	-0.5	-0.4

Chicago PMI - January	58.5	59.5
Pending Home Sales - December	124.0	125.7
Michigan Consumer Sentiment - February (f)	79.2	79.2