Economic Data Forecasts For The Weeks Of Jan. 16 And 23
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of January 16 |
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January 17 |
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NY Fed Manufacturing Index - January |
-4.0 |
-11.2 |
-8.7 |
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January 18 |
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Retail Sales - December |
-0.3% |
-0.6 |
-0.8 |
Retail Sales, ex autos |
0.0 |
-0.2 |
-0.4 |
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Producer Price Index - December |
0.1% |
0.3 |
0.0 |
Core PPI (PPI ex Food, Energy, Trade Services) |
0.3 |
0.4 |
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Industrial Production - December |
0.1% |
-0.2 |
-0.1 |
Capacity Utilization |
79.7 |
79.7 |
79.6 |
Manufacturing |
-0.1 |
-0.6 |
-0.2 |
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Business Inventories - November |
0.4% |
0.3 |
0.4 |
NAHB Index - January |
31 |
31 |
31 |
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January 19 |
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Initial Unemployment Claims |
215K |
205 |
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Housing Starts - December |
1.395M |
1.427 |
1.370 |
Building Permits |
1.370 |
1.342 |
1.358 |
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Philadelphia Fed Index |
-8.2 |
-13.8 |
-11 |
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January 20 |
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Existing Home Sales - December |
3.930M |
4.090 |
3.960 |
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Week of January 23 |
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January 23 |
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Leading Indicators |
-0.7% |
-1.0 |
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January 24 |
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PMI Manufacturing Flash Index - January |
47.0 |
46.2 |
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PMI Services Flash Index - January |
48.0 |
45.0 |
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Consumer Confidence - January |
107.8 |
108.3 |
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Richmond Fed Index |
-3 |
1 |
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January 26 |
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GDP - Q4 (a) |
2.8% |
3.2 |
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Durable Goods Orders - December |
2.5% |
-2.1 |
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International Trade in Goods (a) - December |
-89.0 |
-83.3 |
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New Home Sales - December |
615K |
640 |
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January 27 |
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Personal Income - December |
0.3% |
0.4 |
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Personal Spending |
-0.1 |
0.1 |
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Michigan Consumer Sentiment - February (f) |
64.6 |
64.6 |
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Pending Home Sales - December |
75.5 |
73.9 |
More By This Author:
Economic Data Forecasts For The Weeks Of Jan. 9 And 16
The Darkness Before America’s Bright New Economy
Economic Data Forecasts For The Weeks Of Jan. 2 And 9
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.