Economic Data Forecasts For The Weeks Of Aug. 15 And Aug. 22

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Here are my forecasts for upcoming economic data.

 
 
 
 
Forecast
Prior Observation
Consensus
Week of August 15
 
 
 
August 15
 
 
 
New York Fed Manufacturing Index
7.0
11.1
5.5
NAHB Index
55
55
55
 
 
 
 
August 16
 
 
 
Housing Starts - July
1.575M
1.559
1.540
Building Permits
1.700
1.696
1.640
 
 
 
 
Industrial Production - July 
0.3%
-0.2
0.3
Manufacturing
0.3
-0.5
0.0
Capacity Utilization
80.1
80.0
80.1
 
 
 
 
August 17
 
 
 
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
 
 
 
 
 
Business Inventories - June
1.4%
1.6
1.4
 
 
 
 
August 18
 
 
 
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
 
 
 
 
Week of August 22
 
 
 
August 22
 
 
 
Chicago Fed National Activity Index - July
-0.19
-0.19
0.0
 
 
 
 
August 23
 
 
 
PMI Manufacturing Flash Index
52.5
52.2
 
PMI Services Flash
50.0
47.3
 
 
 
 
 
New Home Sales - July
600K
590
 
Richmond Fed Manufacturing Index
-3
0
 
 
 
 
 
August 24
 
 
 
Durable Goods Sales - July
1.0%
2.0
 
Pending Home Sales Index - July
93.0
91.0
 
 
 
 
 
August 25
 
 
 
GDP - Q2 (p)
-0.9
-0.9
 
 
 
 
 
August 26
 
 
 
International Trade in Goods - July
-$97.2B
-98.2
 
Wholesale Inventories - July (a)
1.30%
1.8
 
 
 
 
 
Personal Income - July
1.0%
0.6
 
Personal Spending
1.1
1.1
 
 
 
 
 
Michigan Consumer Sentiment Index - August (r)
55.1
55.1
 

More By This Author:

Powell’s Soft Landing Vs. Recession Is Irrelevant
Economic Data Forecasts For The Weeks Of August 8 And 15
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.

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