Economic Data Forecasts For The Weeks Of Sept. 6 And 13

Peter Morici
Peter Morici
Professor Emeritus, Robert H. Smith School of Business, University of Maryland •

Prognosticating upcoming data reports, including PPI, CPI, Retail Sales, Business Inventories.

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of September 6      
September 8      
Consumer Credit - July $30.0 37.7 25.0
       
September 9      
Initial Unemployment Claims 340K 340 335
       
September 10      
Producer Price Index - August 0.5% 1.0 0.6
PPI Core (less food, energy and trade services) 0.4 0.9  
       
Wholesale Inventories - July 0.6% 0.6 0.6
       
Week of September 13      
September 13      
Treasury Budget - August -$336.0B -302.1  
       
September 14      
NFIB Small Business Optimisim Index - August 99.7 99.7  
       
Consumer Price Index - August 0.4% 0.5  
Core CPI 0.3 0.3  
       
September 15      
New York Fed Manufacturing Index 20.0 18.3  
       
Export Prices -  August 0.4% 1.3  
Import Prices 0.3 0.3  
Import Prices, ex-Petroleum 0.6 0.1  
       
Industrial Production - August 0.5% 0.9  
Capacity Utilization 0.4 1.4  
Manufacturing 76.4 76.1  
       
September 16      
Retail Sales - August -1.0% -1.1  
Retail Sales, ex Autos -0.2 -0.4  
Retail Sales, Less Autos and Gas -0.3 -0.7  
       
Philadelphia Fed Survey 20.6 19.4  
Business Inventories - July 0.5% 0.9  
       
September 17      
Michigan Consumer Sentiment - Sept (p) 70.3 70.3  
       

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

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