Economic Data Forecasts For The Weeks Of Jan. 9 And 16
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Here are my forecasts for upcoming economic data.
Forecast |
Prior Observation |
Consensus |
|
Week of January 9 |
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|
January 9 |
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|
|
Consumer Credit - November |
$25.0B |
27.0 |
24.0 |
|
|
|
|
January 10 |
|
|
|
NFIB Small Business Confidence - December |
91.3 |
91.9 |
|
Wholesale Inventories - November |
1.0% |
1.0 |
1 |
|
|
|
|
January 11 |
|
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January 12 |
|
|
|
Initial Unemployment Claims |
215K |
204 |
220 |
|
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|
|
Consumer Price Index - December |
0.1% |
0.1 |
0.0 |
Core CPI |
0.3 |
0.2 |
0.3 |
|
|
|
|
Treasury Budget - December |
-$10.0B |
-248.5 |
|
|
|
|
|
January 13 |
|
|
|
Export Prices - December |
-0.9% |
-0.3 |
-0.6 |
Import Prices_ December |
-0.9 |
-0.6 |
-0.8 |
Ex Petroleum |
-0.3 |
-0.3 |
|
|
|
|
|
Michigan Consumer Sentiment - January (p) |
60.5 |
59.7 |
60.0 |
|
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|
Week of January 16 |
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January 17 |
|
|
|
NY Fed Manufacturing Index - January |
-4.0 |
-11.2 |
|
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January 18 |
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Retail Sales - December |
-0.3% |
-0.6 |
|
Retail Sales, ex autos |
0.0 |
-0.2 |
|
Retail Sales, ex autos and gasoline |
0.5 |
-0.2 |
|
|
|
|
|
Producer Price Index - December |
0.1 |
0.3 |
|
Core PPI (PPI ex Food, Energy, Trade Services) |
0.3 |
0.4 |
|
|
|
|
|
Industrial Production - December |
-0.2% |
-0.2 |
|
Capacity Utilization |
79.5 |
79.7 |
|
Manufacturing |
-0.3 |
-0.6 |
|
|
|
|
|
Business Inventories - November |
0.5% |
0.3 |
|
NAHB Index - January |
31 |
31 |
|
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|
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|
January 19 |
|
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|
Housing Starts - December |
1.410M |
1.427 |
1.370 |
Building Permits |
1.380 |
1.342 |
|
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|
|
|
Philadelphia Fed Index |
-8.2 |
-13.8 |
|
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|
January 20 |
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|
Existing Home Sales - December |
3.930M |
4.090 |
3.960 |
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Economic Data Forecasts For The Weeks Of Jan. 2 And 9
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.