| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | Consensus | |
| Week of July 5 | |||
| July 6 | |||
| PMI Services Index | 64.8 | 64.8 | |
| ISM Services - June | 64.0 | 64.0 | 63.5 |
| ISM Prices | |||
| ISM Business Activity | |||
| July 7 | |||
| JOLTS - May | 9.300M | 9.286 | |
| July 8 | |||
| Initial Unemployment Claims | 375K | 364 | 355 |
| Consumer Credit - May | $19.0M | 18.6 | 18.5 |
| July 9 | |||
| Wholesale Inventories - May | 1.1% | 1.1 | 1.1 |
| Week of July 12 | |||
| July 13 | |||
| NFIB Small Business Optimism Index - July | 98.0 | 99.6 | |
| Consumer Price Index - June | 0.4% | 0.6% | 0.4 |
| Core CPI | 0.5 | 0.7 | 0.4 |
| Energy | 0.0 | ||
| Treasury Budget - June | -$175.0B | -132.0 | |
| July 14 | |||
| Producer Producer Index - June | 0.5% | 0.8 | 0.5 |
| Core PPI (less food, energy and trade services | 0.5 | 0.7 | |
| July 15 | |||
| Philadelphia Fed Survey | 29.8 | 30.7 | 30.0 |
| NY Fed Manufacturing Index | 19.0 | 17.4 | 18.0 |
| Export Prices - June | 1.2% | 2.2 | 1.2 |
| Import Prices | 1.2 | 1.1 | 1.2 |
| Industrial Production - June | 0.8% | 0.8 | 0.9 |
| Capacity Utilization | 75.5 | 75.2 | 75.5 |
| Manufacturing | 0.6 | 0.9 | |
| Retail Sales - June | 0.0% | -1.3 | 0.0 |
| Retail Sales, ex Autos | 0.2 | -0.7 | 0.3 |
| Retail Sales, ex Autos and Gasoline | 0.2 | -0.8 | |
| July 16 | |||
| Business Inventories - May | 0.4% | -0.2 | 0.4 |
| Michigan Consumer Sentiment Index (p) | 87.5 | 85.5 | 87.3 |
Economic Data Forecasts For The Weeks Of July 5 And 12
Predictions for the next two weeks' data releases, including JOLTS, Consumer Credit, CPI and PPI.
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
Comments
Log in or sign up to join the conversation.