Economic Data Forecasts For The Weeks Of August 5 And 12
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Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of August 5 |
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August 5 |
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PMI Services Index |
52.2 |
52.2 |
52.2 |
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ISM Services - July |
55.6 |
55.1 |
55.5 |
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August 6 |
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JOLTS - June |
7.325M |
7.372 |
7.293 |
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August 7 |
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Consumer Credit - June |
16.4B |
17.1 |
16.3 |
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August 8 |
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Initial Unemployment Claims |
215K |
215 |
215 |
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Wholesale Inventories - June |
0.2% |
0.2 |
0.2 |
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August 9 |
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Producer Price Index - July |
0.2% |
0.1 |
0.2 |
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PPI less food energy and trade services |
0.2 |
0.3 |
0.2 |
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Week of August 12 |
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August 12 |
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Treasury Budget - July |
-$97B |
-8.5 |
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August 13 |
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NFIB Small Business Optimisim Index - July |
104.5 |
103.3 |
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Consumer Price Index - July |
0.2% |
0.1 |
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CPI Core |
0.2 |
0.3 |
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August 14 |
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Export Prices - July |
-0.1% |
-0.7 |
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Import Prices |
0.0 |
-0.9 |
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Import Prices, ex-Petroleum |
-0.1 |
-0.4 |
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August 15 |
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Initial Unemployment Claims |
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Philadelphia Fed Survey |
11.1 |
21.8 |
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Retail Sales - July |
0.4% |
0.4 |
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Retail Sales, ex Autos |
0.5 |
0.4 |
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Retail Sales, ex Autos and Gas |
0.5 |
0.7 |
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New York Fed Manufacturing Index |
4.6 |
4.3 |
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Productivity - Q2 (p) |
1.1% |
3.4 |
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Unit Labor Costs |
2.7 |
-1.6 |
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Industrial Production - July |
0.4% |
0.0 |
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Capacity Utilization |
78.2 |
77.9 |
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Business Inventories - June |
0.2% |
0.3 |
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NAHB Index |
65 |
65 |
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August 16 |
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Housing Starts - July |
1.259 |
1.253 |
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Building Permits |
1.265 |
1.220 |
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Michigan Consumer Sentiment (p) |
98.4 |
98.4 |
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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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