Economic Data Forecasts For The Weeks Of June 13 And June 20

My expectations for upcoming data releases, including PPI, Retail Sales, NY Fed Manufacturing Index, and FMOC.

Here are my forecasts for upcoming economic data.    

 
 
 
 
Forecast
Prior Observation
Consensus
Week of June 13
 
 
 
June 14
 
 
 
NFIB Small Business Optimism Index - May
93.2
93.2
 
 
 
 
 
Producer Price Index - May
0.8%
0.5
0.8
PPI Core
0.6
0.6
0.6
 
 
 
 
June 15
 
 
 
Retail Sales - May
0.3%
0.9
0.2
Retail Sales, ex Autos
1.1
0.6
0.8
 
 
 
 
NY Fed Manufacturing Index
3.0
-11.6
4.5
 
 
 
 
Export Prices -  May
1.3%
0.6
1.4
Import Prices
1.2
0.0
1.1
Import Prices, ex-Petroleum
0.8
0.4
 
 
 
 
 
Business Inventories - April
1.4%
2.0
1.2
NAHB Index - June
68
69
68
 
 
 
 
FMOC
1.375%
0.875
 
 
 
 
 
June 16
 
 
 
Initial Unemployment Claims
220K
229
215
 
 
 
 
Housing Starts - May
1.750M
1.724
1.700
Building Permits
1.830
1.819
1.787
 
 
 
 
Philadelphia Fed Survey Index
8.0
2.6
5.3
 
 
 
 
June 17
 
 
 
Industrial Production - June
0.3%
1.1
0.4
Capacity Utilization
79.2
79.0
79.2
Manufacturing
0.4
0.8
0.4
 
 
 
 
Leading Indicators 
0.0%
-0.3
-0.4
 
 
 
 
Week of June 20
 
 
 
June 20
 
 
 
Chicago Fed National Activity Index - May
0.47
0.47
 
 
 
 
 
June 21
 
 
 
Existing Home Sales - May
5.410M
5.610
5.370
 
 
 
 
June 23
 
 
 
Initial Unemployment Claims
 
 
 
Current Account - Q1
$290.0B
-217.9
 
 
 
 
 
PMI Manufacturing Flash Index
57.0
57.0
 
PMI Services Flash Index
53.9
53.4
 
 
 
 
 
June 24
 
 
 
New Home Sales - May
625K
591
 
Michigan Consumer Sentiment Index - June (r)
50.2
50.2
 
 
 
 
 

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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