Economic Data Forecasts For The Weeks Of November 15 And 22

Prognosis for all the upcoming data releases, including Retail Sales, Leading Indicators, PMI.

 
Here are my forecasts for upcoming economic data.      
  Forecast Prior Observation Consensus
Week of November 15      
November 15      
NY Fed Manufacturing Index 20.5 19.8 21.6
       
November 16      
Retail Sales - October 0.7% 0.7 1.1
Retail Sales, ex Autos 0.7 0.8 0.8
       
Export Prices -  October 1.0% 0.1 1.1
Import Prices 1.0 0.4 1.0
       
Industrial Production - October 0.7% -1.3 0.7
Capacity Utilization 75.6 75.2 75.7
Manufacturing 0.6 -0.7 0.8
       
Business Inventories - September 0.7% 0.6 0.7
NAHB Index 80 80 80
       
November 17      
Housing Starts - October 1.580M 1.555 1.580
Building Permits 1.630 1.589 1.630
       
November 18      
Kansas City Fed Manufacutring Index   29  
Initial Unemployment Claims 260K 267K 260.0
Philadelphia Fed Survey 22.0 23.8 24.0
Leading Indicators 0.9% 0.2 0.8
       
Week of November 22      
November 22      
Chicago Fed National Activity Index - October 0.1 -0.13  
       
PMI Services Flash Index 58.7 58.7  
PMI Manufacturing Flash Index 58.4 58.4  
       
Existing Home Sales - October 6.150M 6.290 6.240
       
November 23      
Richmond Fed Manufacturing Index 11 12  
       
November 24      
Durable Goods Sales - October 0.6% -0.3 0.3
International Trade in Goods - October -92.3 -96.3  
Wholesale Inventories - October (p)   1.4  
       
GDP - Q3 (r) 2.0% 2.0  
       
Personal Income - October 0.5% -1.0 0.3
Personal Spending 0.8 0.6 0.8
       
New Home Sales - October 820K 800 810
Michigan Consumer Sentiment Index - November (r) 66.8 66.8  
 

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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