Economic Data Forecasts For The Weeks Of Jan. 13 And 20, 2025

Here are my forecasts for upcoming economic data. Forecast Prior  
    Observation  
Week of January 13      
January 13      
Treasury Budget - December -$30B -366.8  
       
January 14      
NFIB Small Business Confidence - December 99.0 101.7  
       
Producer Price Index - December 0.3% 0.4  
Core PPI (PPI ex Food, Energy, Trade Services) 0.3 0.2  
       
January 15      
Consumer Price Index - December 0.3% 0.3  
Core CPI 0.3 0.3  
       
NY Fed Manufacturing Index - January -2.0 0.2  
       
January 16      
Retail Sales - December 0.5% 0.3  
Retail Sales, ex autos 0.4 0.2  
Retail Sales, ex autos and gasoline 0.3 0.2  
       
Philadelphia Fed Index 0.0 -16.4  
       
Export Prices - December -0.4% 0.0  
Import Prices_ December -0.3 0.1  
Ex Petroleum -0.1 0.0  
       
Initial Unemployment Claims 215K 201  
Business Inventories - November 0.2% 0.1  
NAHB Index - January 46 46  
       
January 17      
Housing Starts - December 1.310M 1.289  
Building Permits 1.462 1.505  
       
Industrial Production - December 0.2% -0.1  
Capacity Utilization 76.9 76.8  
Manufacturing 0.2 0.2  
       
Week of January 20      
January 22      
Leading Indicators 0.0% 0.3  
       
January 23      
Chicago Fed National Activity Index - December -0.12 -0.12  
       
Existing Home Sales - December 4.200M 4.150

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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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