Economic Data Forecasts For The Weeks Of January 10 And 17

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of January 10

January 10

Wholesale Inventories - November

1.2%

1.2

1.2

January 11

NFIB Small Business Confidence - December

98.4

98.4

January 12

Consumer Price Index - December

0.5

0.8

0.4

Core CPI

0.5

0.5

0.5

Treasury Budget - December

$30.0B

-191.3

January 13

Initial Unemployment Claims

205K

207

205

Producer Price Index - December

0.5%

0.8

0.4

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

0.5

0.7

0.5

January 14

Retail Sales - December

0.3%

0.3

0.0

Retail Sales, ex autos

0.3

0.3

0.2

Retail Sales, ex autos and gasoline

0.2

Export Prices - December

0.3%

1.0

0.3

Import Prices_ December

0.2

0.7

0.3

Ex Petroleum

0.6

0.7

Industrial Production - December

0.5%

0.5

0.3

Capacity Utilization

77.2

76.8

77.0

Manufacturing

0.7

0.7

0.4

Business Inventories - November

1.2%

1.2

1.2

Michigan Consumer Sentiment - January (p)

70.6

70.6

70.0

Week of January 17

January 18

NY Fed Manufacturing Index - January

25.9

31.9

NAHB Index - January

84

84

January 19

Housing Starts - December

1.680M

1.679

Building Permits

1.720

1.712

January 20

Philadelphia Fed Index

27.2

15.4

Existing Home Sales - December

6.390

6.460