Economic Data Forecasts For The Weeks of June 8 and 15

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of June 8

June 9

NFIB Small Business Optimism Index - May

90.9

90.9

Wholesale Inventories - April

0.4%

0.4

0.4

JOLTS - April

6.000M

6.191

5.750

June 10

Consumer Price Index - May

0.0%

-0.8

0.0

Core CPI

0.1

-0.4

0.0

FMOC

Treasury Budget - May

-$680.0B

-737.9

June 11

Initial Unemployment Claims

1628K

1877

1525

Producer Price Index - May

0.1%

-1.3

0.1

PPI Core

0.2

-0.9

June 12

Export Prices -  May

0.7%

-3.3

0.7

Import Prices

0.8

-2.6

0.6

Michigan Consumer Sentiment - June (p)

72.3

72.3

Week of June 15

June 15

NY Fed Manufacturing Index

-35

-48.5

-30

June 16

Retail Sales - May

6.0%

-16.4

6.3

Retail Sales, ex Autos

5.0

-17.2

4.5

Industrial Production - May

-2.0%

-11.2

2.0

Capacity Utilization

62.9

64.9

66.4

Manufacturing Output

-2.0

-13.7

Business Inventories - April

0.0%

-0.2

-0.8

NAHB Index - June

45

37

45

June 17

Housing Starts - May

1.100M

0.891

1.060

Building Permits

1.300

1.074

1.125

June 18

Initial Unemployment Claims

1628K

1877

Philadelphia Fed Survey Index

-30.0

-43.1

-25

Leading Indicators

1.2%

-4.4

1.0

June 19

Current Account - Q1

-$105.0B

-109.8