Economic Data Forecasts For The Weeks Of October 11 And 18

Prognosticating upcoming data releases, including CPI, PPI, NAHB and Leading Indicators.

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of October 11      
October 12      
NFIB Small Business Optimism Index - September   100.1  
JOLTS - August 11.2M 10.9 1.09
       
October 13      
Consumer Price Index - September 0.3% 0.3 0.3
Core CPI 0.2 0.1 0.3
       
October 14      
Initial Unemployment Claims 326K% 326 328
       
Producer Price Index - September 0.4% 0.7 0.6
PPI Core (less food, energy and trade services) 0.4 0.3  
       
October 15      
Retail Sales - September -0.2% 0.7 -0.2
Retail Sales, ex Autos 0.3 1.8 0.5
Retail Sales, ex Autos and Gas 0.2 2.0  
       
New York Fed Manufacturing Index 25.0 34.3 27.0
       
Export Prices -  September 0.7% 0.4 0.6
Import Prices 0.6 -0.3 0.6
       
Business Inventories - August 0.6% 0.5 0.6
Treasury Budget - September -$140.2B -170.6  
Michigan Consumer Sentiment - October (p) 71.0 72.8 70.3
       
Week of October 18      
October 18      
Industrial Production - September 0.3% 0.4 0.3
Capacity Utilization 76.6 76.4 76.5
Manufacturing 0.3 0.2 0.3
       
NAHB Index 76 76 76
       
October 19      
Housing Starts - September 1.635M 1.615 1.630
Building Permits 1.725 1.721 1.724
       
October 21      
Philadelphia Fed Survey 24.0 30.7  
Leading Indicators  0.5% 0.9 0.4
Existing Home Sales - September 6.000M 5.880M  

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

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