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

Here are my forecasts for upcoming economic data.

    Prior  
  Forecast    Observation  
Week of January 12      
January 13      
NFIB Small Business Confidence - December      
       
Consumer Price Index - December 0.2% 0.2  
CPI Y/Y 2.6 2.7  
Core CPI 0.3 0.2  
Core Y/Y 2.7 2.6  
       
       
New Home Sales - October 725K 800  
New Home Sales - November 725    
       
Treasury Budget - December -$180.0B -173.3  
       
January 14      
Retail Sales - November 0.3% 0.0  
Retail Sales, ex autos 0.3 0.4  
Retail Sales, ex autos and gasoline 0.3 0.5  
       
Producer Price Index - October 0.3 0.3  
Core PPI (PPI ex Food, Energy, Trade Services)    0.3 0.1  
       
Producer Price Index - November 0.3%    
Core PPI (PPI ex Food, Energy, Trade Services) 0.2    
       
Current Account - Q3 -$258.5B -251.3  
Existing Home Sales - December 4.200M 4.130  
       
January 15      
Philadelphia Fed Index -4.0 -10.2  
NY Fed Manufacturing Index - January 1.0 -3.9  
       
Export Prices - October -0.2% 0.0  
Import Prices -0.2 0.0  
Ex Petroleum 0.1 0.2  
       
Export Prices - November -0.2%    
Import Prices -0.2    
Ex Petroleum 0.0    
Petroleum      
       
January 16      
Industrial Production - December 0.2% 0.2  
Capacity Utilization 76.0 76.0  
Manufacturing 0.1 0.0  
       
Week of January 19      
January 19      
       
January 20      
NAHB Index - January 40 39  
       
Construction Spending - September 0.0% 0.2  
Construction Spending - October 0.2    
       
Pending Home Sales - December  78.7 79.2  
       
January 22      
GDP - Q3 (f) 4.3% 4.3  
GDP Implicit Price Deflator 3.8 3.7  
PCE 3.5 3.5  
PCE Deflator 2.8 2.8  
PCE Core Deflator 2.9 2.9  

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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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