Economic Data Forecasts For The Weeks Of November 8 And 15

My predictions for upcoming data releases, including Core CPI, Retail Sales, Exports and Import prices.

Here are my forecasts for upcoming economic data.      
  Forecast Prior Observation Consensus
Week of November 8      
November 9      
NFIB Small Business Optimisim Index - September 98.5 99.1  
       
Producer Price Index - October 0.5% 0.5 0.6
PPI less food, energy and trade services 0.2 0.1  
Energy   2.8  
       
November 10      
Consumer Price Index - October 0.5% 0.4 0.6
Core CPI 0.3 0.2 0.4
       
Wholesale Inventories - September 1.0% 1.1 1.0
Treasury Budget - October -$137.0B -61.5  
       
November 11      
Initial Unemployment Claims 265K 269 265
       
November 12      
JOLTS - September 10.0M 10.439  
Michigan Consumer Sentiment Index (p) 72.5 71.7 72.5
       
Week of November 15      
November 15      
NY Fed Manufacturing Index 20.5 19.8 20.5
       
November 16      
Retail Sales - October 0.5% 0.7 0.4
Retail Sales, ex Autos 0.5 0.8  
       
Export Prices -  October 0.8% 0.1  
Import Prices 0.8 0.4  
Import Prices, ex-Energy 0.5 0.1  
       
Industrial Production - October 0.7% -1.3 0.7
Capacity Utilization 75.6 75.2  
Manufacturing 0.6 -0.7  
       
Business Inventories - September 0.5% 0.6 0.4
NAHB Index 80 80  
       
November 17      
Housing Starts - October 1.580M 1.555 1.580
Building Permits 1.630 1.589 1.630
       
November 18      
Philadelphia Fed Survey 20.0 23.8  
Leading Indicators 0.7% 0.2 0.8
       

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

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