Economic Data Forecasts For The Weeks Of Jan. 16 And 23

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Here are my forecasts for upcoming economic data.
 
 
 
 
Forecast
Prior Observation
Consensus
Week of January 16
 
 
 
January 17
 
 
 
NY Fed Manufacturing Index - January
-4.0
-11.2
-8.7
 
 
 
 
January 18
 
 
 
Retail Sales - December
-0.3%
-0.6
-0.8
Retail Sales, ex autos
0.0
-0.2
-0.4
 
 
 
 
Producer Price Index - December
0.1%
0.3
0.0
Core PPI (PPI ex Food, Energy, Trade Services)
0.3
0.4
 
 
 
 
 
Industrial Production - December
0.1%
-0.2
-0.1
Capacity Utilization
79.7
79.7
79.6
Manufacturing
-0.1
-0.6
-0.2
 
 
 
 
Business Inventories - November
0.4%
0.3
0.4
NAHB Index - January
31
31
31
 
 
 
 
January 19
 
 
 
Initial Unemployment Claims
215K
205
 
 
 
 
 
Housing Starts - December
1.395M
1.427
1.370
Building Permits
1.370
1.342
1.358
 
 
 
 
Philadelphia Fed Index
-8.2
-13.8
-11
 
 
 
 
January 20
 
 
 
Existing Home Sales - December
3.930M
4.090
3.960
 
 
 
 
Week of January 23
 
 
 
January 23
 
 
 
Leading Indicators
-0.7%
-1.0
 
 
 
 
 
January 24
 
 
 
PMI Manufacturing Flash Index - January
47.0
46.2
 
PMI Services Flash Index - January
48.0
45.0
 
 
 
 
 
Consumer Confidence - January 
107.8
108.3
 
Richmond Fed Index
-3
1
 
 
 
 
 
January 26
 
 
 
GDP - Q4 (a)
2.8%
3.2
 
 
 
 
 
Durable Goods Orders - December
2.5%
-2.1
 
International Trade in Goods (a) - December
-89.0
-83.3
 
New Home Sales - December
615K
640
 
 
 
 
 
January 27
 
 
 
Personal Income - December
0.3%
0.4
 
Personal Spending
-0.1
0.1
 
 
 
   
Michigan Consumer Sentiment - February (f)
64.6
64.6
 
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.

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