Economic Data Forecasts For The Weeks Of Dec. 8 And 15

Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation  
Week of December 8      
December 8      
International Trade in Goods - September -$64.0B -59.6  
International Trade in Goods - October -$65.0B    
       
December 9      
NFIB Small Business Optimism Index -November 98.2 98.2  
       
Productivity - Q3 (r) 3.5% 3.3  
Unit Labor Costs 1.3    
       
       
JOLTS-September  7.200M 7.227  
JOLTS-October 7.200    
       
December 10      
Employment Cost Index 0.9% 0.9  
       
Wholesale Inventories - October (p) 0.2% 0.0  
Wholesale Sales      
       
FOMC 3.625 3.875  
Treasury Budget - November -$225.0B -284.4  
       
December 11   Sept  
Producer Price Index - November 0.3% 0.3  
PPI less food, energy and trade services 0.2 0.1  
       
Initial Unemployment Claims 215K 191  
       
Week of December 15      
December 15      
NY Fed Manufacturing Index 12.0 18.7  
NAHB Index 38 38  
       
December 16      
Nonfarm Payrolls - October -5K 119  
Private 45 97  
Manufacturing -5 -6  
Unemployment 4.7% 4.4  
Average Workweek 34.1HR 34.2  
Average Hourly Earnings 0.3% 0.3  
       
Nonfarm Payrolls - November 35K    
Private 40    
Core Private*      
Unemployment 4.4%    
Average Workweek 34.1HR    
Average Hourly Earnings 0.3%    
       
Industrial Production - November 0.2% 0.1  
Capacity Utilization 0.1 0  
Manufacturing 75.9 75.9  
       
Retail Sales - October 0.3% 0.2  
Retail Sales, ex Autos 0.4 0.3  
       
Business Inventories - September  0.1% 0.2  
       
December 18      
Philadelphia Fed Survey 2.2 -1.7  
       
Consumer Price Index - October 0.3% 0.3  
Core CPI 0.2 0.2  
Energy      
       
Consumer Price Index - November 0.3%    
Core CPI 0.2    
Energy      
       
December 19      
Existing Home Sales - November 4.100M 4.100  
Michigan Consumer Sentiment - December (r) 53.3 53.3  
       

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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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