Economic Data Forecasts For The Weeks Of September 7 And 14

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of September 7

September 8

NFIB Small Business Optimism Index - August

98.8

98.8

Consumer Credit - July

$14.0B

8.9

13.75

September 9

JOLTS - July

6.000M

5.889

6.000

September 10

Initial Unemployment Claims

850K

881

838

Producer Price Index - August

0.3%

0.6

0.2

PPI Core (less food, energy and trade services)

0.2

0.3

Wholesale Inventories - July

-0.1%

-0.1

-0.1

September 11

Consumer Price Index - August

0.3%

0.6

0.3

Core CPI

0.2

0.6

0.2

Treasury Budget - August

-$360.0B

-63.0

Week of September 14

September 15

New York Fed Manufacturing Index

10.0

3.7

Export Prices - August

0.4%

0.8

Import Prices

0.6

0.7

Import Prices, ex-Petroleum

0.3

0.2

Industrial Production - August

1.7%

3.0

Capacity Utilization

72.0

70.6

Manufacturing

2.5

3.4

September 16

Retail Sales - August

1.8%

1.2

Retail Sales, ex Autos

2.0

1.9

Retail Sales, Less Autos and Gas

1.8

1.5

Business Inventories - July

0.1%

-1.1

NAHB Index

78

78

FMOC

0.125%

0.125

September 17

Housing Starts - August

1450M

1.496

Building Permits

1.530

1.495

Philadelphia Fed Survey

17.0

17.2

September 18

Current Account - Q2

-$177.0B

-104.2

Leading Indicators

1.3%

1.4

Michigan Consumer Sentiment - Sept (p)

76.0

74.1