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
 
 
 
January 9
 
 
 
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
 
 
 
 
 
 
 
January 12
 
 
 
Initial Unemployment Claims
215K
204
220
 
 
 
 
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
 
 
 
 
Week of January 16
 
 
 
 
 
 
 
January 17
 
 
 
NY Fed Manufacturing Index - January
-4.0
-11.2
 
 
 
 
 
January 18
 
 
 
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
 
 
 
 
 
January 19
 
 
 
Housing Starts - December
1.410M
1.427
1.370
Building Permits
1.380
1.342
 
 
 
 
 
Philadelphia Fed Index
-8.2
-13.8
 
 
 
 
 
January 20
 
 
 
Existing Home Sales - December
3.930M
4.090
3.960

More By This Author:

The Darkness Before America’s Bright New Economy
Economic Data Forecasts For The Weeks Of Jan. 2 And 9
Making Friends With Robots

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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