Economic Data Forecasts For The Weeks Of Sept. 13 And 20

Projections for upcoming data releases, including CPI, retail sales leading indicators.

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of September 13      
September 13      
Treasury Budget - August -$330.0B -302.1 -173
       
September 14      
NFIB Small Business Optimism Index - August 99.7 99.7  
       
Consumer Price Index - August 0.4% 0.5 0.4
Core CPI 0.3 0.3 0.3
       
September 15      
New York Fed Manufacturing Index 20.0 18.3  
       
Export Prices -  August 0.4% 1.3 0.5
Import Prices 0.3 0.3 0.3
Import Prices, ex-Petroleum 0.6 0.1  
       
Industrial Production - August 0.5% 0.9 0.5
Capacity Utilization 0.4 1.4 0.4
Manufacturing 76.4 76.1 76.4
       
September 16      
Initial Unemployment Claims 310K 310 318
       
Retail Sales - August -1.0% -1.1 -1.0
Retail Sales, ex Autos -0.2 -0.4 -0.1
Retail Sales, Less Autos and Gas -0.3 -0.7  
       
Philadelphia Fed Survey 20.6 19.4 19.0
Business Inventories - July 0.5% 0.9 0.5
       
September 17      
Michigan Consumer Sentiment - Sept (p) 70.3 70.3 72.0
       
Week of September 20      
September 20      
NAHB Index 77 75  
       
September 21      
Housing Starts - August 1.625M 1.534  
Building Permits 1.670 1.635  
       
Current Account - Q2 -$190.0B -195.7  
       
September 22      
Existing Home Sales - August 5.780M 5.990  
FMOC 0.125% 0.125  
       
September 23      
Chicago Fed National Activity Index - August 0.5 0.5  
       
PMI Manufacturing - Flash 60.5 61.1  
PMI Services Flash 54.7 55.1  
       
Leading Indicators  0.9% 0.9  
       
September 24      
New Home Sales - August 725K 708  

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

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