Economic Data Forecasts For The Weeks Of July 17 And 24

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Here are my forecasts for upcoming economic data.

	Forecast	Prior Observation
Week of July 17
July 17
NY Fed Manufacturing Index	0.0%	6.6

July 18
Retail Sales - June	0.4%	0.3
Retail Sales, ex Autos	0.3	0.1
Retail Sales, ex Autos and Gasoline	0.2	0.4

Industrial Production - June	0.0%	-0.2
Capacity Utilization	79.4	79.6
Manufacturing	-0.1	0.1

Business Inventories - May	0.2%	0.2
NAHB Index - July	55.0	55.0

July 19
Housing Starts - June	1.485M	1.631
Building Permits	1515	1.491

July 20
Philadelphia Fed Survey	-10.4	-13.7
Leading Indicators	-0.4%	-0.7
Existing Home Sales - June	4.300K	4.300

Week of July 24
July 24
Chicago Fed National Activity Index - June	-0.15	-0.15

PMI Manufacturing Flash Index	46.9	46.3
PMI Services Flash Index	53.5	54.4

July 25
S&P Case/Shiller Index - May
Twenty City M/M	1.7%	1.7
Twenty City M/M - SA	1.3	0.9
Twenty City Y/Y	-1.8	-1.7

FHFA Home Price Index - May	0.5%	0.7
Consumer Confidence - July	108.0	109.7
Richmond Fed Manufacturing Index	-8	-7

July 26
New Home Sales - June	722K	763
FMOC	5.375	5.125

July 27
GDP - Q2 (a)	1.4%	2.0
Durable Goods Orders - June	-1.0%	1.7
International Trade in Goods - June	-91.5	-91.1
Wholesale Inventories - June (a)	-0.1%	0.0
Pending Home Sale Index - June	77.6	76.5

July 28
Employment Cost Index - Q2	1.3%	1.2
Employment Cost Index - Y/Y	5.0	4.8

Personal Income - June	0.4%	0.4
Personal Spending	0.3	0.1

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