Economic Data Forecasts For The Weeks Of October 18 And 25

Predictions for the next two weeks' data releases, including unemployment, leading indicators, Case/Shiller.

Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of October 18      
October 18      
Industrial Production - September 0.3 0.4 0.2
Capacity Utilization 76.6 76.4 76.5
Manufacturing 0.3 0.2 0.1
       
NAHB Index 76 76 76
       
October 19      
Housing Starts - September 1.635M 1.615 1.620
Building Permits 1.705 1.721 1.680
       
October 21      
Initial Unemployment Claims 310K 293 303
Philadelphia Fed Survey 24.0 30.7  
Leading Indicators  0.5% 0.9 0.4
Existing Home Sales - September 6.000M 5.880M 6.060
       
Week of October 25      
October 25      
Chicago Fed National Activity Index 0.35 0.29  
Dallas Fed Manufacturing Index 7.5 4.6  
       
October 26      
S&P Case/Shiller Index - August      
Twenty City M/M 1.5% 1.6  
Twenty City M/M - SA 1.6 1.5  
Twenty City Y/Y 20.0 19.7  
       
FHFA House Price Index - August 1.4% 1.4  
Consumer Confidence 113.0 109.3 109.8
New Home Sales - September 775K 740 770
Richmond Fed Manufacturing Index 6.0 -3.0  
       
October 27      
Durable Goods Sales - September -0.5 1.8 -0.2
International Trade in Goods - September (a) -$86.0B -87.6  
Wholesale Inventories - September (a) 1.2% 1.2  
       
October 28      
Initial Unemployment Claims      
       
GDP - Q3 (a) 3.2% 6.7 3.4
Pending Home Sale Index - September 118.0 119.5  
       
October 29      
Employment Cost Index - Q3 0.8% 0.7 0.800
Employment Cost Index - Y/Y 0.2 2.9  
       
Personal Income - September 0.4% 0.2 0.3
Personal Spending 0.7 0.8 0.6
       
Chicago PMI 64.2 64.7 64.2
Michigan Consumer Sentiment Index - Oct (r) 71.4 71.4 72.0
       

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

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