Forecasts For the Week of June 6 and June 13

Here are my forecasts for upcoming economic data.

`

Forecast

Prior Observation

Consensus

Week of June 6

June 7

Productivity - Q1 (r)

-0.7%

-1.0

-0.6

Unit Labor Costs

4.1

4.1

4.0

Consumer Credit - April

$16.0B

29.7

18.0

June 9

Initial Unemployment Claims

267

267

270

Wholesale Inventories - April

0.1%

0.1

0.1

June 10

Michigan Consumer Sentiment - June (p)

94.5

94.7

94.5

Treasury Budget - May

-$60.1

106.5

-60.0

Week of June 13

June 14

NFIB Small Business Optimisim Index - May

93.6

93.6

Retail Sales - May

0.6%

1.3

Retail Sales, ex Autos

0.6

0.8

Export Prices -  May

0.2%

0.5

Import Prices

1.0

0.3

Business Inventories - April

0.1%

0.4

June 15

Producer Price Index - May

0.4%

0.2

PPI Core

0.2

0.3

NY Fed Manufacturing Index

1.0

-9.02

Industrial Production - May

0.0%

0.7

Capacity Utilization

75.3

75.4

FMOC

0.375%

0.375

June 16

Consumer Price Index - May

0.6%

0.4

Core CPI

0.2

0.2

Philadelphia Fed Survey Index

3.0

-1.8

Current Account - Q1

-$136.0B

-125.3

NAHB Index - June

59

58.0

June 17

Housing Starts - May

1.18M

1.172

Building Permits

1.150

1.116