Economic Data Forecasts For The Weeks Of Jan. 6 And 13, 2025

Here are my forecasts for upcoming economic data.

		Prior
	Forecast	Observation

Week of January 6
January 6
PMI Services	58.5	58.5

Factory Orders - November	-0.4%	0.2
Durable Goods Orders	-1.1	0.3
Nondurable Goods Orders	0.3	0.1

January 7
International Trade - November	-$77.4B	-73.8

ISM Services - December	52.8	52.1
JOLTS - Nov	7.600M	7.744

January 8
ADP Employment - December	160K	146
Consumer Credit - November	$13.0B	19.2

January 9
Wholesale Inventories - November	-0.2%	-0.2

January 10
Nonfarm Payrolls - December	185K	227
Private	160	194
Manufacturing	15	22
Unemployment	4.3%	4.3
Average Workweek	34.3HR	34.3
Average Hourly Earnings	0.3%	0.4

Michigan Consumer Sentiment - January (p)	74.0	74.0

Week of January 13
January 13
Treasury Budget - December	-$30B	-366.8

January 14
NFIB Small Business Confidence - December	99.0	101.7

Producer Price Index - December	0.3%	0.4
Core PPI (PPI ex Food, Energy, Trade Services)	0.3	0.2

January 15
Consumer Price Index - December	0.3%	0.3
Core CPI	0.3	0.3

NY Fed Manufacturing Index - January	-2.0	0.2

January 16
Retail Sales - December	0.4%	0.3
Retail Sales, ex autos	0.4	0.2
Retail Sales, ex autos and gasoline	0.3	0.2

Philadelphia Fed Index	0.0	-16.4

Export Prices - December	-0.2%	0.0
Import Prices_ December	-0.2	0.1
Ex Petroleum	-0.1	0.0

Business Inventories - November	0.3%	0.1
NAHB Index - January	46	46

January 17
Housing Starts - December	1.310M	1.289
Building Permits	1.462	1.505

Industrial Production - December	0.2%	-0.1
Capacity Utilization	76.9	76.8
Manufacturing	0.2	0.2

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