Forecasts And Economic Releases For The Weeks Of July 18 And 25

Here are my forecasts for upcoming economic data.

Here are my forecasts for upcoming economic data:

       
 

Forecast

Prior Observation

Consensus

 

Week of July 18

       

July 18

       

NAHB Index - July

60

60

61

 
         

July 19

       

Housing Starts - June

1.170M

1.164

1.170

 

Building Permits

1.150

1.138

1.150

 
         

July 21

       

Initial Unemployment Claims

265K

254

265

 

Philadelphia Fed Survey

5.0

4.7

5.0

 

Chicago Fed National Activity Index - June

-0.20

-0.51

   

FHFA Home Price Index - May

0.5%

0.2

0.4

 

Existing Home Sales - June

5.450M

5.530

5.475

 

Leading Indicators

0.5%

-0.2

0.3

 
         

Week of July 25

       

July 25

       

Dallas Fed Manufacturing Index

-2.0

-7.0

   
         

July 26

       

S&P Case/Shiller Index - May

       

Twenty City M/M

-0.3%

0.5

   

Twenty City M/M - SA

1.3

1.1

   

Twenty City Y/Y

5.6

5.4

   
         

New Home Sales - June

550K

551

   

Consumer Confidence - July

96.0

98.0

   

Richmond Fed Manufacturing Index

-2.0

-7.0

   
         

July 27

       

Durable Goods Orders - June

-0.2%

-2.2

   

Pending Home Sale Index - June

111.0

110.8

   

FMOC

0.375%

0.375

   
         

July 28

       

International Trade in Goods - May

61.1

61.1

   
         

July 29

       

GDP - Q2 (a)

2.6%

1.1

   
         

Employment Cost Index - Q2

0.5%

0.6

   

Employment Cost Index - Y/Y

0.5

0.7

   
         

Chicago PMI - July

54.0

56.8

   

Michigan Consumer Sentiment Index (r)

90.5

89.5

   
       

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