Economic Data Forecasts For The Weeks Of March 9 And March 16

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of March 9

March 10

NFIB Small Business Optimism Index - February

103.5

104.3

March 11

Consumer Price Index - February

-0.1%

0.1

0.0

CPI Core

0.2

0.2

0.2

Treasury Budget - January

-$238.5B

-32.6

March 12

Initial Unemployment Claims

215K

216

215

Producer Price Index - February

0.0%

0.5

-0.1

PPI less food, energy and trade services

0.2

0.4

March 13

Export Prices - February

-0.4%

0.7

-0.4

Import Prices

-0.9

0.0

-0.9

Michigan Consumer Sentiment - March (p)

98.0

101.0

95.0

Week of March 16

March 16

NY Fed Manufacturing Index

9.0

12.9

March 17

Retail Sales - February

0.3%

0.3

Retail Sales, ex Autos

0.4

0.3

Retail Sales, ex-Autos, Gas

0.4

0.4

Industrial Production - February

0.3%

-0.3

Manufacturing Output

0.1

-0.1

Capacity Utilization

77.0

76.8

Business Inventories - January

0.0%

0.1

NAHB Index

74

74

JOLTS - January

6.300M

6.423

March 18

Housing Starts - January

1.500M

1.567

Building Permits

1.500

1.551

March 19

Philadelphia Fed Survey

18.0

36.7

Current Account - Q4

-$109.0B

-124.1

Leading Indicators - February

-0.1%

0.8

March 20

Existing Home Sales - February

5.430M

5.460