Economic Data Forecasts For The Weeks Of September 9 And 16

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of September 9

September 9

Consumer Credit - July

$16.0B

14.6

16.0

September 10

NFIB Small Business Optimisim Index - August

103.5

104.7

103.5

JOLTS - July

7.311M

7.348

7.311

September 11

Producer Price Index - August

0.1%

0.1

0.1

PPI Core (less food, energy and trade services)

0.2

0.2

0.2

Energy

Wholesale Inventories - July

0.2%

0.2

September 12

Initial Unemployment Claims

215K

217

215

Consumer Price Index - August

0.1%

0.3

0.1

Core CPI

0.2

0.3

0.2

Treasury Budget - August

-$218.0B

-119.7

September 13

Retail Sales - August

0.3%

0.7

0.3

Retail Sales, ex Autos

0.2

1.0

0.2

Retail Sales, Autos

Retail Sales, Less Autos and Gas

0.3

0.9

0.4

Retail Sales, Gas

Export Prices - August

-0.4%

0.2

-0.1

Import Prices

-0.5%

0.2

-0.4

Import Prices, ex-Petroleum

-0.2%

0.0

Business Inventories - July

0.2%

0.0

0.2

Michigan Consumer Sentiment - Sept (p)

90.0

89.4

90.7

Week of September 16

September 16

New York Fed Manufacturing Index

5.0

4.8

September 17

Industrial Production - August

0.3%

-0.2

Capacity Utilization

0.0

-0.4

Manufacturing

77.7

77.5

NAHB Index

66

66

September 18

Housing Starts - August

1.250M

1.191

Building Permits

1.300

1.336

FMOC

2.125%

2.375

September 19

Initial Unemployment Claims

Philadelphia Fed Survey

11.5

16.8

Current Account - Q2

-$125.7B

-130.4

Existing Home Sales - August

5.410K

5.420

Leading Indicators

0.2

0.5