Economic Data Forecasts For The Weeks Of Dec. 12 And 19

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Here are my forecasts for upcoming economic data

 
 
Forecast
Prior Observation
Consensus
Week of December 12
 
 
 
December 12
 
 
 
Treasury Budget - November
-$200.0B
-87.8
 
 
 
 
 
December 13
 
 
 
NFIB Small Business Optimism Index -November
90.8
91.3
 
 
 
 
 
Consumer Price Index - November
0.4%
0.4
0.3
Core CPI
0.4
0.3
0.3
 
 
 
 
December 14
 
 
 
Export Prices -  November
-0.9%
-0.3
-0.6
Import Prices
-0.9
-0.2
-0.5
Import Prices, ex-Energy
-0.9
-0.2
 
 
 
 
 
FMOC
4.375%
3.875%
 
 
 
 
 
December 15
 
 
 
Initial Unemployment Claims
230K
230
230
 
 
 
 
Retail Sales - November
0.4%
1.3
-0.2
Retail Sales, ex Autos
0.4
1.3
0.2
Retail Sales, ex Autos and Gas
 
0.9
 
 
 
 
 
Philadelphia Fed Survey
-9.7
-19.4
-12.0
NY Fed Manufacturing Index
2.0
4.5
-1.0
 
 
 
 
Industrial Production - November
0.3%
-0.1
0.1
Capacity Utilization
79.8
79.9
79.8
Manufacturing
0.2
0.1
-0.1
 
 
 
 
Business Inventories - October
0.4%
0.4
0.4
 
 
 
 
December 16
 
 
 
PMI Services Flash Index
45.7
46.2
46.5
PMI Manufacturing Flash Index
47.7
47.8
47.7
 
 
 
 
Week of December 19
 
 
 
December 19
 
 
 
NAHB Index
35
33
 
 
 
 
 
December 20
 
 
 
Housing Starts - November
1.415M
1.425
 
Building Permits
1.515
1.526
 
 
 
 
 
December 21
 
 
 
Current Account - Q3
-$253.0B
-251.1
 
Consumer Confidence
98.2
100.2
 
Existing Home Sales - November
4.030M
4.430
 
 
 
 
 
December 22
 
 
 
GDP - Q3 (f)
2.9%
2.9
 
GDP Implicit Price Deflator
 
 
 
 
 
 
 
Chicago Fed National Activity Index - November
-1.0
-0.5
 
Leading Indicators - Nobember
-0.4%
-0.8
 
 
 
 
 
December 23
 
 
 
Durable Goods Orders - November
0.2
1.1
 
 
 
 
 
Personal Income - November
0.4%
0.7
 
Personal Spending
0.4
0.8
 
       
New Home Sales - November  615K 632  
Michigan Consumer Sentiment - December (r) 59.1 59.1  

More By This Author:

Economic Data Forecasts For The Weeks Of Dec. 5 And 12
Economic Data Forecasts For The Week Of Nov. 28
Economic Data Forecasts For The Weeks Of Nov. 21 And 28

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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