Economic Data Forecasts For The Weeks Of November 4 And 11

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of November 4

November 4

Factory Orders - September

-0.5%

-0.1

-0.5

Durable Goods Orders

-1.1

0.2

Nondurable Goods Orders

0.2

-0.3

Auto Sales* - September

17.0M

17,2

17.0

Car Sales

4.7

4.7

Truck Sales

12.3

12..6

November 5

International Trade - September

-$52.4B

-54.9

-52.5

PMI Services Index

51.0

51.0

51.2

ISM Services - October

53.5

52.6

53.5

JOLTS - September

7.03M

7.051

November 6

Productivity - Q3 (p)

0.8%

2.3

1.1

Unit Labor Costs

2.2

2.6

2.2

November 7

Initial Unemployment Claims

215K

218

215

Consumer Credit - September

$16.0B

17.9

15.1

November 8

Wholesale Inventories - September

-0.2%

-0.3

-0.1

Michigan Consumer Sentiment Index (p)

96.5

95.5

96

Week of November 11

November 12

NFIB

100.5

101.8

November 13

Consumer Price Index - October

0.3%

0.0

Core CPI

0.2

0.1

Treasury Budget - October

-$99.0B

82.8

November 14

Producer Price Index - October

0.3%

-0.3

PPI less food, energy and trade services

0.2

-0.3

November 15

Retail Sales - October

0.3%

-0.3

Retail Sales, ex Autos

0.3

-0.1

Retail Sales, ex Autos and Gas

0.2

0.0

Retail Sales, Autos

NY Fed Manufacturing Index

4.0

4.0

Export Prices - October

-0.1%

-0.2

Import Prices

-0.5

0.2

Import Prices, ex-Energy

-0.1

-0.1

Import Prices, Energy

2.1

Industrial Production - October

0.1%

-0.4

Capacity Utilization

77.6

77.5

Manufacturing

0.0

-0.5

Business Inventories - September

0.1%

0.0