Economic Data Forecasts For The Weeks Of October 5 And 12

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of October 5

October 5

PMI Services Index

54.6

54.6

ISM Services - September

56.3

56.9

56.3

October 6

International Trade - August

-$67.0B

-63.6

-66.2

October 7

Consumer Credit - August

$15.0B

12.3

14.3

October 8

Initial Unemployment Claims

825K

837

823

October 9

Wholesale Inventories - August

0.4%

0.5

0.5

Week of October 12

October 13

NFIB Small Business Optimisim Index - September

100.2

100.2

Consumer Price Index - September

0.2%

0.4

Core CPI

0.2

0.4

October 14

Producer Price Index - September

0.2

0.3

PPI Core (less food, energy and trade services)

0.2

0.3

October 15

Philadelphia Fed Survey

15.0

15.0

New York Fed Manufacturing Index

17.0

17.0

Export Prices -  September

0.4%

0.5

Import Prices

0.4

0.9

Import Prices, ex-Energy

0.5

0.7

October 16

Retail Sales - September

0.8%

0.6

Retail Sales, ex Autos

0.5

0.7

Retail Sales, ex Autos and Gas

0.6

0.7

Industrial Production - September

0.8%

0.4

Capacity Utilization

72.2

71.4

Manufacturing

1.3

1.0

Business Inventories - August

0.4%

0.1

Michigan Consumer Sentiment - October (p)

82.0

80.4