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Here are my forecasts for upcoming economic data. |
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| Forecast | Prior Observation | |
| Week of May 10 | ||
| May 11 | ||
| NFIB Small Business Optimism - April | 100.0 | 98.2 |
| JOLTS -March | 7.500M | 7.367 |
| May 12 | ||
| Consumer Price Index - April | 0.2% | 0.6 |
| Core CPI | 0.3 | 0.3 |
| Treasury Budget - April | -$40.0B | -659.6 |
| May 13 | ||
| Producer Price Index - April | 0.2% | 1.0 |
| PPI less food, energy and trade services | 0.2 | 0.6 |
| May 14 | ||
| Retail Sales - April | 0.2% | 9.8 |
| Retail Sales, ex Autos | 0.2 | 8.4 |
| Retail Sales,ex autos and gas | 0.3 | 8.2 |
| Export Prices - April | 0.6% | 2.1 |
| Import Prices | 0.6 | 1.2 |
| Import Prices, Ex-Petroleum | 0.6 | 0.9 |
| Industrial Production - April | 3.5 | 1.4 |
| Capacity Utilization | 76.9 | 74.4 |
| Manufacturing | 3.0 | 2.7 |
| Business Inventories - March | 0.4% | 0.5 |
| Michigan Consumer Sentiment - May (p) | 90.2 | 88.3 |
| Week of May 17 | ||
| May 17 | ||
| NY Fed Manufacturing Index | 23 | 26.3 |
| NAHB Index - May | 84 | 83 |
| May 18 | ||
| Housing Starts - April | 1.720M | 1.739 |
| Building Permits | 1.780 | 1.766 |
| May 20 | ||
| Philadelphia Fed Survey | 45 | 50.2 |
| Leading Indicators | 1.3% | 1.3 |
| May 21 | ||
| Existing Home Sales - April | 5.900M | 6.010 |
Preliminary Economic Data Forecast
Here are my forecasts for upcoming economic data including such important releases as Consumer Price Index, Existing Home Sales and the Philadelphia Fed Survey.
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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