Economic Data Forecasts for the Weeks of January 16 and 23

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of January 16

NY Fed Manufacturing Index - January

9.0

9.0

9.0

January 18

Consumer Price Index - December

0.3%

0.2

0.3

Core CPI

0.2

0.2

0.2

Industrial Production - December

0.6%

-0.4

0.6

Capacity Utilization

75.4

75.0

75.4

Manufacturing

0.3

-0.1

0.3

NAHB Index - January

69

70

69

January 19

Initial Unemployment Claims

255K

247

255

Philadelphia Fed Index

15.0

21.5

16.0

Housing Starts - December

1.180M

1.090

1.200

Building Permits

1.225

1.201

1.230

Week of January 23

January 24

PMI Manufacturing Flash Index - January

54.1

54.3

Existing Home Sales - December

5.560M

5.610

Richmond Fed Index

8.0

8.0

January 25

FHFA Housing Market Index - November

0.5%

0.4

January 26

Initial Unemployment Claims

International Trade in Goods- November

-$65.3B

-65.3

Chicago Fed Natonal Activity Index

-0.10

-0.27

PMI Services Flash Index

53.7

53.9 (Dec-F)

Leading Indicators

0.2%

0.0

New Home Sales

600K

592

January 27

GDP - Q4 (a)

2.1%

3.5

GDP Implicit Price Deflator

1.4

Durable Goods Orders - December

2.2%

-4.5

Michigan Consumer Sentiment - February (f)

98.1

98.1