Economic Data Forecasts For The Weeks Of Dec. 7 And 14

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of December 7      
December 7      
Consumer Credit - October $17.0B 16.2 16.0
       
December 8      
NFIB Small Business Optimism Index -November 104.0 104.0  
       
Productivity - Q3 (r) 5.0% 4.9 5.0
Unit Labor Costs -8.9 -8.9 -8.9
       
December 9      
Wholesale Inventories - November 0.9% 0.9 0.9
Wholesale Sales      
       
JOLTS-October 6.350M 6.436  
       
December 10      
Initial Unemployment Claims 735K 712 725
       
Consumer Price Index - November 0.0% 0.0 0.1
Core CPI 0.2 0.0 0.1
Energy      
       
Treasury Budget - November -$200.0B -284.1  
       
December 11      
Producer Price Index - November 0.0% 0.3 0.2
PPI less food, energy and trade services 0.2 0.2  
       
Michigan Consumer Sentiment - Dec (p) 77.0 76.9 76.5
       
Week of December 14      
December 15      
NY Fed Manufacturing Index 8.1 6.3 6.8
       
Export Prices -  November 0.3% 0.2  
Import Prices 0.3 -0.1 0.2
Import Prices Ex Petroleum 0.1 0.0  
       
Industrial Production - November 0.3% 1.1 0.5
Capacity Utilization 72.0 72.8 73.0
Manufacturing 0.3 1.0 0.5
       
December 16      
Retail Sales - November 0.2% 0.3 0.2
Retail Sales, ex Autos 0.3 0.2 0.2
Retail Sales, ex Autos and Gas 0.3 0.2  
Retail Sales, Autos      
       
PMI Services Flash Index 58.4 58.4  
PMI Manufacturing Flash Index 57.0 56.7  
       
Business Inventories - October 0.6% 0.7 0.4
NAHB Index 88 90 88
       
FMOC 0.125% 0.125  
       
December 17      
Housing Starts - November 1.530M 1.530 1.520
Building Permits 1.560 1.544  
       
Philadelphia Fed Survey 22.3 26.3  
       
December 18      
Current Account - Q3 -$191.6B -170.5  
Leading Indicators - November 0.8% 0.7 0.5
 

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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