Economic Data Forecasts For The Weeks Of May 6 And May 13

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of May 6

May 7

JOLTS

7.000M

7.087

7.215

Consumer Credit

$17.0M

15.2

15.2

May 9

Initial Unemployment Claims

215K

230

220

Producer Price Index - April

0.2%

0.6

0.2

PPI less food, energy and trade services

0.2

0.4

0.2

Energy

0.0

International Trade - March

-$50.4B

-49.4

-50.1

Wholesale Inventories - March

0.3%

0.3

0.2

May 10

Consumer Price Index - April

0.4%

0.4

0.4

Core CPI

0.2

0.1

0.2

Treasury Budget - April

$142.0B

-146.9

150

Week of May 13

May 14

Export Prices - April

0.6%

0.7

Import Prices

0.7

0.6

Import Prices, Ex-Petroleum

0.2

0.2

May 15

Retail Sales - April

0.6%

1.6

Retail Sales, ex Autos

0.8

1.2

Retail Sales,ex autos and gas

0.5

0.9

NY Fed Manufacturing Index

10.5

10.1

Industrial Production - April

0.4%

-0.1

Capacity Utilization

79.1

78.8

Manufacturing

0.3

0.0

Business Inventories - March

0.2%

0.3

NAHB Index - May

64

63

May 16

Housing Starts - April

1.225K

1.139

Building Permits

1.290

1.269

May 17

Leading Indicators

0.3%

0.4

Michigan Consumer Sentiment - May (p)

97.7

97.2