Economic Data Forecasts For The Weeks Of Jan. 6 And 13, 2025
Here are my forecasts for upcoming economic data.
| Prior | |||
| Forecast | Observation | ||
| Week of January 6 | |||
| January 6 | |||
| PMI Services | 58.5 | 58.5 | |
| Factory Orders - November | -0.4% | 0.2 | |
| Durable Goods Orders | -1.1 | 0.3 | |
| Nondurable Goods Orders | 0.3 | 0.1 | |
| January 7 | |||
| International Trade - November | -$77.4B | -73.8 | |
| ISM Services - December | 52.8 | 52.1 | |
| JOLTS - Nov | 7.600M | 7.744 | |
| January 8 | |||
| ADP Employment - December | 160K | 146 | |
| Consumer Credit - November | $13.0B | 19.2 | |
| January 9 | |||
| Wholesale Inventories - November | -0.2% | -0.2 | |
| January 10 | |||
| Nonfarm Payrolls - December | 185K | 227 | |
| Private | 160 | 194 | |
| Manufacturing | 15 | 22 | |
| Unemployment | 4.3% | 4.3 | |
| Average Workweek | 34.3HR | 34.3 | |
| Average Hourly Earnings | 0.3% | 0.4 | |
| Michigan Consumer Sentiment - January (p) | 74.0 | 74.0 | |
| 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 | 0.4% | 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 | -0.2% | 0.0 | |
| Import Prices_ December | -0.2 | 0.1 | |
| Ex Petroleum | -0.1 | 0.0 | |
| Business Inventories - November | 0.3% | 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 |
More By This Author:
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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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