Economic Data Forecasts For The Weeks Of Aug. 15 And Aug. 22
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of August 15 |
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August 15 |
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New York Fed Manufacturing Index |
7.0 |
11.1 |
5.5 |
NAHB Index |
55 |
55 |
55 |
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August 16 |
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Housing Starts - July |
1.575M |
1.559 |
1.540 |
Building Permits |
1.700 |
1.696 |
1.640 |
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Industrial Production - July |
0.3% |
-0.2 |
0.3 |
Manufacturing |
0.3 |
-0.5 |
0.0 |
Capacity Utilization |
80.1 |
80.0 |
80.1 |
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August 17 |
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Retail Sales - July |
0.0% |
1.0 |
0.1 |
Retail Sales, ex Autos |
-0.1 |
1.0 |
0.0 |
Retail Sales, ex Autos and Gas |
0.1 |
0.7 |
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Business Inventories - June |
1.4% |
1.6 |
1.4 |
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August 18 |
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Initial Unemployment Claims |
267K |
262 |
265 |
Philadelphia Fed Survey |
-0.4 |
-12.3 |
-0.5 |
Leading Economic Indicators |
-0.4% |
-0.8 |
-0.6 |
Existing Home Sales - July |
4.810M |
5.12 |
488 |
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Week of August 22 |
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August 22 |
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Chicago Fed National Activity Index - July |
-0.19 |
-0.19 |
0.0 |
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August 23 |
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PMI Manufacturing Flash Index |
52.5 |
52.2 |
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PMI Services Flash |
50.0 |
47.3 |
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New Home Sales - July |
600K |
590 |
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Richmond Fed Manufacturing Index |
-3 |
0 |
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August 24 |
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Durable Goods Sales - July |
1.0% |
2.0 |
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Pending Home Sales Index - July |
93.0 |
91.0 |
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August 25 |
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GDP - Q2 (p) |
-0.9 |
-0.9 |
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August 26 |
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International Trade in Goods - July |
-$97.2B |
-98.2 |
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Wholesale Inventories - July (a) |
1.30% |
1.8 |
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Personal Income - July |
1.0% |
0.6 |
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Personal Spending |
1.1 |
1.1 |
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Michigan Consumer Sentiment Index - August (r) |
55.1 |
55.1 |
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More By This Author:
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Economic Data Forecasts For The Weeks Of Aug. 1 And Aug. 8
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.