| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | Consensus | |
| Week of June 7 | |||
| June 7 | |||
| Consumer Credit - April | $20.0B | 25.8 | 21.0 |
| June 8 | |||
| NFIB Small Business Optimisim Index - May | 100.0 | 99.8 | |
| International Trade - April | -$67.0B | -74.4 | -69.0 |
| JOLTS - April | 8.000M | 8.123 | |
| June 9 | |||
| Wholesale Inventories - April | 0.8% | 0.8 | 0.8 |
| June 10 | |||
| Initial Unemployment Claims | 370K | 385 | 371 |
| Consumer Price Index - May | 0.3% | 0.8 | 0.4 |
| Core CPI | 0.4 | 0.9 | 0.4 |
| Treasury Budget - May | -$175.0B | -225.6 | |
| June 11 | |||
| Michigan Consumer Sentiment - June (p) | 82.9 | 82.9 | 84.0 |
| Week of June 14 | |||
| June 15 | |||
| Retail Sales - May | -0.5% | 0.0 | -0.3 |
| Retail Sales, ex Autos | -0.1 | -0.8 | 0.4 |
| Retail Sales, ex Autos and Gas | 0.0 | -0.8 | |
| Producer Price Index - May | 0.3% | 0.6 | 0.5 |
| PPI Core | 0.2 | 0.7 | |
| NY Fed Manufacturing Index | 22.0 | 24.3 | |
| Industrial Production - May | 1.0% | 0.7 | 0.6 |
| Capacity Utilization | 75.9 | 74.9 | |
| Manufacturing Output | 1.0 | 0.4 | |
| Business Inventories - April | 0.4% | 0.2 | |
| NAHB Index - June | 83 | 83.0 | |
| June 16 | |||
| Housing Starts - May | 1.700M | 1.569 | 1.615 |
| Building Permits | 1.750 | 1.760 | |
| Export Prices - May | 0.7% | 0.8 | |
| Import Prices | 0.8 | 0.7 | |
| Import Prices, ex-Peteroleum | 0.5 | 0.7 | |
| FMOC | 0.125% | 0.125 | |
| June 17 | |||
| Philadelphia Fed Survey Index | 35.0 | 31.5 | |
| Leading Indicators | 1.4% | 1.6 | 1.1 |
Economic Data Forecasts For The Weeks Of June 7 And 14
Predictions for upcoming data releases, including CPI, PPI and FMOC.
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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