Economic Data Forecasts For The Weeks Of January 9 And 16

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of January 9

January 9

Consumer Credit - November

$19.5B

16.0

18.5

January 10

NFIB Small Business Optimism Index - Dec

99.2

98.4

99.6

Wholesale Inventories - November

0.9%

-0.4

0.9

January 12

Initial Unemployment Claims

260K

235

255

Export Prices - December

0.0%

-0.1

0.2

Import Prices_ December

0.8

-0.3

0.7

Ex Petroleum

-0.3

0.0

Petroleum

-4.7

Treasury Budget - December

-$30.0B

-136.7

-21.0

January 13

Retail Sales - December

0.6%

0.1

0.7

Retail Sales, ex autos

0.5

0.2

0.5

Producer Price Index - December

0.2%

0.4

0.3

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

0.2

0.2

0.2

Business Inventories - November

0.7%

-0.2

0.6

Michigan Consumer Sentiment - January (p)

98.6

98.2

98.6

Week of January 16

January 17

NY Fed Manufacturing Index - January

10.5

9.0

10.0

January 18

Consumer Price Index - December

0.3%

0.2

0.3

Core CPI

0.2

0.2

0.2

Industrial Production - December

0.3%

-0.4

0.4

Capacity Utilization

75.2

75.0

75.2

Manufacturing

-0.1

NAHB Index - January

69

70

70

January 19

Philadelphia Fed Index

14.5

21.5

16.0

Housing Starts - December

1.170M

1.090

1.2

Building Permits

1.220

1.201

1.223