Forecasts For The Weeks Of May 9 And 16

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of May 9

May 10

NFIB Small Business Optimisim Index - April

92.8

92.6

93.1

JOLTS - March

5.445

5.445

5.412

Wholesale Inventories - March

0.2%

-0.5

0.3

May 11

Treasury Budget - April

$75.0B

-108.0

102.5

May 12

Initial Unemployment Claims

266K

274

267

Export Prices - April

0.1%

0.0

0.0

Import Prices

0.6

0.2

0.6

May 13

Producer Price Index - April

0.3%

-0.1

0.3

PPI Core

0.1

0.0

0.1

Energy

1.8

Retail Sales - April

0.7%

-0.3

0.9

Retail Sales, ex Autos

0.4

0.2

0.5

Business Inventories - March

0.2%

-0.1

0.2

Michigan Consumer Sentiment - May (p)

89.8

89.0

89.7

Week of May 16

May 16

NY Fed Manufacturing Index

7.5

9.6

NAHB Index - May

59

58

May 17

Consumer Price Index - April

0.4%

0.1

Core CPI

0.2

0.1

Housing Starts - April

1.120M

1.089

Building Permits

1.125

1.086

Industrial Production - April

0.2%

-0.6

Capacity Utilization

74.9

74.8

May 19

Philadelphia Fed Survey

4.5

-1.6

Chicago Fed National Economy Activity - April

-0.10

-0.44

Leading Indicators

0.2%

0.2

May 20

Existing Home Sales - April

5.355M

5.330