Economic Data Forecasts For The Weeks Of July 8 And 15

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of July 8

July 8

Consumer Credit - May

$16.0B

17.5

17.0

July 9

NFIB Small Business Optimism Index - June

105.0

105.0

104.5

JOLTS - May

7.400M

7.449

7.400

July 10

Wholesale Inventories - May

0.4%

0.4

0.4

July 11

Initial Unemployment Claims

221K

221

216

Consumer Price Index - June

0.0%

0.1

0.0

Core CPI

0.2

0.1

0.2

Treasury Budget - June

$4.0B

-207.8

July 12

Producer Producer Index - June

0.1%

0.1

0.1

Core PPI (less food, energy and trade services

0.2

0.4

0.2

Week of July 15

July 15

NY Fed Manufacturing Index

0

-8.6

July 16

Retail Sales - June

0.3%

0.5

Retail Sales, ex Autos

0.3

0.5

Retail Sales, ex Autos and Gasoline

0.5

0.5

Export Prices - June

-0.2%

-0.2

Import Prices

-1.0

-0.3

Import Prices, ex-Energy

-0.2

-0.3

Industrial Production - June

0.3%

0.4

Capacity Utilization

78.3

78.1

Manufacturing

0.2

0.2

Business Inventories - May

0.4%

0.5

NAHB Index - July

65

64

July 17

Housing Starts - June

1.265M

1.269

Building Permits

1.30

1.294

July 18

Philadelphia Fed Survey

5

0.3

Leading Indicators

0.1%

0.0

July 19

Michigan Consumer Sentiment Index (p)

98.5

98.2