Economic Data Forecasts For The Weeks Of May 10 And 17

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of May 10
May 11
NFIB Small Business Optimism - April	100.0	98.2
JOLTS -March	7.500M	7.367	7.500

May 12
Consumer Price Index - April	0.2%	0.6	0.2
Core CPI	0.3	0.3	0.3

Treasury Budget - April	-$40.0B	-659.6

May 13
Initial Unemployment Claims	400K	498	500

Producer Price Index - April	0.2%	1.0	0.3
PPI less food, energy and trade services	0.2	0.6	0.4

May 14
Retail Sales - April	1.0%	9.8	1.0
Retail Sales, ex Autos	0.7	8.4	0.9

Export Prices - April	0.6%	2.1	0.6
Import Prices	0.6	1.2	0.6
Import Prices, Ex-Petroleum	0.6	0.9

Industrial Production - April	2.7%	1.4	1.1
Capacity Utilization	76.8	74.4	75.1
Manufacturing	2.5	2.7	1.1

Business Inventories - March	0.4%	0.5	0.3
Michigan Consumer Sentiment - May (p)	90.2	88.3	90.3

Week of May 17
May 17
NY Fed Manufacturing Index	23.0	26.3
NAHB Index - May	84	83

May 18
Housing Starts - April	1.720M	1.739
Building Permits	1.780	1.766

May 20
Philadelphia Fed Survey	45	50.2
Leading Indicators	1.3%	1.3

May 21
PMI Manufacturing Flash Index - May	60.5	60.5
PMI Services Flash	64.7	64.7

Existing Home Sales - April	5.900M	6.010