Economic Data Forecasts For The Weeks Of May 17 & 24

Here are my forecasts for upcoming economic data.

		Prior
	Forecast	Observation
Week of June 17
June 17
NY Fed Manufacturing Index	-12.0	-15.6

June 18
Retail Sales - May	0.3%	0.0
Retail Sales, ex Autos	0.3	0.2
Retail Sales, ex Autos and Gas	0.4	-0.1

Industrial Production - June	0.1%	0.0
Capacity Utilization	78.4	78.4
Manufacturing	0.1	-0.3

Business Inventories - April	0.3%	-0.1

June 19
NAHB Index - June	48	45

June 20
Initial Unemployment Claims	240K	242

Housing Starts - May	1.400M	1.360
Building Permits	1.460	1.440

Philadelphia Fed Survey Index	4.5	4.5
Current Account - Q1	-$205.5B	-194.8

June 21
PMI Manufacturing Flash Index	51.0	51.3
PMI Services Flash Index	54.8	54.8

Leading Indicators	-0.3%	-0.6
Existing Home Sales - May	3.890M	4.140

Week of June 24
June 24
Dallas Fed Index	-14.5	-19.4

June 25
Chicago Fed National Activity Index - May	-0.25	-0.23

S&P Case/Shiller Index - April
Twenty City M/M	1.2%	1.6
Twenty City M/M - SA	0.3	0.3
Twenty City Y/Y	7.0	7.4

FHFA Home Price Index - April	0.5%	0.1
Consumer Confidence	100.0	102.0
Richmond Fed Manufacturing Index	-3.0	0

June 26
New Home Sales - May	650K	634

June 27
Initial Unemployment Claims
Durable Goods Orders - May	0.7%	0.6
International Trade in Goods - May	-96.4	99.4
Wholesale Inventories - May (a)	0.1%	0.1

GDP - Q1 (f)	1.3%	1.3

Pending Home Sales Index - May	75.3	72.3

June 28
Personal Income - May	0.4%	0.3
Personal Spending	0.4	0.2

Chicago PMI - June	40.0	35.4

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