Economic Data And Forecasts For The Weeks Of Jan. 7 And 14

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of January

       

January 7

       

Factory Orders - November

0.5%

-2.1

0.4

 

Durable Goods Orders

0.8

-4.3

   

Nondurable Goods Orders

0.3

0.3

   
         

ISM Services - December

59.5

60.7

58.4

 
         

January 8

       

NFIB Small Business Optimism Index - Dec

104.0

104.8

104.0

 

International Trade - November

-$51.8

-55.5

-53.9

 

Consumer Credit - November

$20.0B

25.4

19.0

 
         

January 10

       

Initial Unemployment Claims

220K

231

222

 

Wholesale Inventories - November

0.4%

0.8

0.4

 
         

January 11

       

Consumer Price Index - December

-0.1%

0.0

-0.1

 

Core CPI

0.2

0.2

0.2

 
         

Treasury Budget - December

$0.0B

-204.9

   
         
         

Week of January 14

       

January 15

       

Producer Price Index - December

0.0%

0.1

   
         

January 16

       

Export Prices - December

-0.6%

-0.9

   

Import Prices_ December

-1.3

-1.6

   
         

Retail Sales - December

0.2%

0.3

   

Retail Sales, ex autos

0.2

0.2

   

Retail Sales, ex autos and gasoline

0.4

0.5

   
         

Business Inventories - November

0.3%

0.6

   

NAHB Index - January

58

56

   
         

January 17

       

Housing Starts - December

1.256M

1.256

   

Building Permits

1.300

1.328

   
         

Philadelphia Fed Index

10.0

9.4

   
         

January 18

       

Industrial Production - December

0.2%

0.6

   

Capacity Utilization

78.4

78.5

   

Manufacturing

0.2

0.0

   
         

Michigan Consumer Sentiment - January (p)

97.5

98.3

   
 

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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