Economic Data And Forecasts For The Weeks Of December 17 And 24
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of December 17 |
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December 17 |
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NY Fed Manufacturing Index |
21.0 |
23.3 |
21.0 |
|
NAHB Index |
62 |
60 |
61 |
|
December 18 |
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Housing Starts - November |
1.220M |
1.228 |
1.222 |
|
Building Permits |
1.265 |
1.265 |
1.258 |
|
December 19 |
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Current Account - Q3 |
-$123.2B |
-101.5 |
-124.0 |
|
Existing Home Sales - November |
5.150M |
5.220 |
5.190 |
|
FMOC |
2.375% |
2.215 |
2.375 |
|
December 20 |
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Initial Unemployment Claims |
220 |
204 |
221 |
|
Philadelphia Fed Survey |
16.0 |
12.9 |
17.5 |
|
Leading Indicators - Nobember |
0.0% |
0.1 |
0.0 |
|
December 21 |
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Durable Goods Orders - November |
1.5% |
-4.3 |
1.5 |
|
GDP - Q3 (f) |
3.5% |
3.5 |
3.5 |
|
GDP Implicit Price Deflator |
1.7 |
1.7 |
1.7 |
|
Personal Income - November |
0.3% |
0.5 |
0.3 |
|
Personal Spending |
0.3 |
0.6 |
0.3 |
|
Michigan Consumer Sentiment - December (r) |
97.5 |
97.5 |
97.5 |
|
Week of December 24 |
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December 24 |
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Chicago Fed National Activity Index - November |
0.24 |
0.24 |
||
December 26 |
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S&P Case/Shiller Index - October |
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Twenty City M/M |
0.0% |
0.0 |
||
Twenty City M/M - SA |
0.4 |
0.3 |
||
Twenty City Y/Y |
4.9 |
5.1 |
||
Richmond Fed Manufacturing Index |
15 |
14 |
||
December 27 |
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Initial Unemployment Claims |
||||
FHFA Housing Price Index - Oct |
0.2% |
0.2 |
||
New Home Sales - November |
550M |
544.0 |
||
Consumer Confidence |
135.0 |
135.7 |
||
December 28 |
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International Trade in Goods - November |
-73.3 |
-77.2 |
||
Wholesale Inventories (a) - November |
0.3% |
0.8 |
||
Pending Home Sale Index - November |
101.5 |
102.1 |
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Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster ...
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