Economic Data Forecasts For The Weeks Of March 15 And 22
Professor Emeritus, Robert H. Smith School of Business, University of Maryland • My thoughts on upcoming data releases, including FMOC, Leading Indicators, Q4 GDP final.
| Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
| Week of March 15 |
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| March 15 |
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| NY Fed Manufacturing Index |
12.2 |
12.1 |
14.5 |
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| March 16 |
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| Retail Sales - February |
-1.0% |
5.3 |
-0.6 |
| Retail Sales, ex Autos |
-0.8 |
5.9 |
-0.1 |
| |
|
|
|
| Export Prices - February |
1.0% |
2.5 |
1.0 |
| Import Prices |
1.2 |
1.4 |
1.2 |
| |
|
|
|
| Industrial Production - February |
0.3% |
0.9 |
0.4 |
| Manufacturing Output |
-0.1 |
1.0 |
0.2 |
| Capacity Utilization |
75.8 |
75.6 |
75.8 |
| |
|
|
|
| Business Inventories - January |
0.7% |
0.6 |
0.3 |
| NAHB Index |
84 |
84 |
83 |
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| March 17 |
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|
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| Housing Starts - February |
1.500M |
1.580 |
1.565 |
| Building Permits |
1.650 |
1.881 |
1.750 |
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|
| FMOC |
0.125% |
0.125 |
0.1 |
| |
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| March 18 |
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|
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| Initial Unemployment Claims |
695K |
712 |
705 |
| Philadelphia Fed Survey |
22.0 |
23.1 |
23.1 |
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| Leading Indicators - February |
0.5% |
0.5 |
0.4 |
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| Week of March 22 |
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| March 22 |
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| Chicago Fed National Activity Index - February |
0.85 |
0.66 |
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| Existing Home Sales - February |
6.490M |
6.690 |
6.530 |
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| March 23 |
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| Current Account - Q4 |
-$184.0B |
-178.5 |
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| |
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| New Home Sales - February |
850K |
923 |
868 |
| Richmond Fed Manufacturing Index |
14 |
14 |
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| March 24 |
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| Durable Goods Orders - February |
-0.5 |
3.4 |
1.3 |
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| PMI Manufacturing Flash Index |
58.0 |
58.6 |
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| PMI Services Flash Index |
60.0 |
59.8 |
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| March 25 |
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| GDP - Q4 (f) |
4.1 |
4.1 |
4.1 |
| Kansas City Fed Manufacturing Index |
24 |
24 |
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| March 26 |
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| International Trade in Goods - February |
-84.8 |
-84.6 |
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| Wholesale (a) - February |
1.2 |
1.3 |
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| Personal Income - February |
-7.0% |
10.5 |
-6.5 |
| Personal Spending - February |
0.0 |
2.4 |
0.3 |
| Michigan Consumer Sentiment - March (f) |
83.0 |
83.0 |
83.0 |
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