Economic Data Forecasts For The Weeks Of Aug. 5 & 12
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior | ||
| Observation | |||
| Week of August 5 | |||
| August 5 | |||
| PMI Services Index | 56.0 | 56.0 | |
| ISM Services - July | 51.3 | 48.8 | |
| August 6 | |||
| International Trade - June | $72.9B | 75.1 | |
| August 7 | |||
| Consumer Credit - June | $10.0B | 11.3 | |
| August 8 | |||
| Wholesale Inventories - June | 0.2% | 0.2 | |
| Week of August 12 | |||
| August 12 | |||
| Treasury Budget - July | -$350.0B | -66.0 | |
| August 13 | |||
| NFIB Small Business Optimisim Index - July | 91.5 | 91.5 | |
| Producer Price Index - July | 0.2% | 0.2 | |
| PPI less food energy and trade services | 0.2 | 0.0 | |
| Energy | |||
| August 14 | |||
| Consumer Price Index - July | 0.2% | -0.1 | |
| CPI Core | 0.2 | 0.1 | |
| August 15 | |||
| Retail Sales - July | 0.3% | 0.0 | |
| Retail Sales, ex Autos | 0.2 | -0.5 | |
| Retail Sales, ex Autos and Gas | 0.2 | 0.8 | |
| Philadelphia Fed Survey | 7.0 | 13.9 | |
| New York Fed Manufacturing Index | -6.0 | -6.6 | |
| Export Prices - July | 0.0% | -0.5 | |
| Import Prices | -0.1 | 0.0 | |
| Import Prices, ex-Petroleum | -0.2 | 0.2 | |
| Industrial Production - July | 0.0% | 0.6 | |
| Manufacturing | 0.0 | 0.4 | |
| Capacity Utilization | 78.6 | 78.8 | |
| Business Inventories - June | 0.3% | 0.4 | |
| NAHB Index | 43 | 42 | |
| August 16 | |||
| Housing Starts - July | 1.380M | 1.353 | |
| Building Permits | 1.450 | 1.446 |
| Michigan Consumer Sentiment (p) | 66.4 | 66.4 |
...
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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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