Economic Data Forecasts For The Weeks Of Dec. 5 And 12
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of December 5 |
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December 5 |
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PMI Services Index - November |
46.5 |
46.1 |
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ISM Services - November |
54.6 |
54.4 |
53.1 |
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Factory Orders - October |
0.7% |
0.3 |
0.7 |
Durable Goods Orders |
1.0 |
0.4 |
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Nondurable Goods Orders |
0.4 |
0.2 |
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December 6 |
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International Trade - October |
-80.5B |
-73.3 |
-79.1 |
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December 7 |
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Productivity - Q3 (r) |
0.8% |
0.3 |
0.5 |
Unit Labor Costs |
3.0 |
3.5 |
3.2 |
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Consumer Credit - October |
$25.0 |
25.0 |
28.5 |
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December 8 |
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Initial Unemployment Claims |
225K |
225 |
230 |
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December 9 |
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Producer Price Index - November |
0.2% |
0.2 |
0.2 |
PPI less food, energy and trade services |
0.3 |
0.2 |
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Wholesale Inventories - October (f) |
0.8% |
0.8 |
0.8 |
Michigan Consumer Sentiment - Dec (p) |
56.8 |
56.8 |
57.0 |
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Week of December 12 |
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December 12 |
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Treasury Budget - November |
-$178.0B |
-87.8 |
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December 13 |
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NFIB Small Business Optimism Index -November |
90.8 |
91.3 |
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Consumer Price Index - November |
0.4% |
0.4 |
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Core CPI |
0.4 |
0.3 |
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December 14 |
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Export Prices - November |
-0.9% |
-0.3 |
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Import Prices |
-0.9 |
-0.2 |
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Import Prices, ex-Energy |
-0.9 |
-0.2 |
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FMOC |
4.625% |
3.875% |
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December 15 |
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Retail Sales - November |
0.4% |
1.3 |
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Retail Sales, ex Autos |
0.4 |
1.3 |
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Philadelphia Fed Survey |
-9.7 |
-19.4 |
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NY Fed Manufacturing Index |
2.0 |
4.5 |
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Industrial Production - November |
0.3% |
-0.1 |
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Capacity Utilization |
79.8 |
79.9 |
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Manufacturing |
0.2 |
0.1 |
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Business Inventories - October |
0.6% |
0.4 |
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December 16 |
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PMI Manufacturing Flash Index |
47.7 |
47.7 |
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More By This Author: Economic Data Forecasts For The Week Of Nov. 28 Economic Data Forecasts For The Weeks Of Nov. 21 And 28 Economic Data Forecasts For The Weeks Of Nov. 14 And 21
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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