Economic Data Forecasts For The Weeks Of January 17 And 24

Here are my forecasts for upcoming economic data.

 
 
 
 
 
Forecast
Prior Observation
Consensus
 
Week of January 17
 
 
 
 
January 18
 
 
 
 
NY Fed Manufacturing Index - January
25.9
31.9
25.0
 
NAHB Index - January
84
84
84
 
 
 
 
 
 
January 19
 
 
 
 
Housing Starts - December
1.680
1.679
1.650
 
Building Permits
1.720
1.712
1.701
 
 
 
 
 
 
January 20
 
 
 
 
Initial Unemployment Claims
220K
230
220
 
Philadelphia Fed Index
27.2
15.4
20.0
 
 
 
 
 
 
Existing Home Sales - December
6.390
6.460
6.430
 
 
 
 
 
 
January 21
 
 
 
 
Leading Indicators
0.8%
1.1
0.8
 
 
 
 
 
 
Week of January 24
 
 
 
 
January 24
 
 
 
 
Chicago Fed Natonal Activity Index - December
0.25
0.37
 
 
PMI Manufacturing Flash Index - January
57.7
57.7
 
 
 
 
 
 
 
January 25
 
 
 
 
S&P Case/Shiller Index - November
 
 
 
 
Twenty City M/M
0.7
0.8
 
 
Twenty City M/M - SA
1.0
0.9
 
 
Twenty City Y/Y
18.0
18.4
 
 
 
 
 
 
 
FHFA Housing Market Index - November
1.0%
1.1
 
 
Consumer Confidence - January 
113.8
115.8
 
 
Richmond Fed Index
14
16
 
 
 
 
 
 
 
January 26
 
 
 
 
International Trade in Goods (a)
-$95.0B
-97.8
 
 
Wholesale Inventories (a)
1.4%
1.4
 
 
New Home Sales - December
775K
744
 
 
FMOC
0.125%
0.125
 
 
 
 
 
 
 
January 27
 
 
 
 
GDP - Q4 (a)
6.4%
2.3
 
 
Durable Goods Orders - December
0.0%
2.6
 
 
Pending Home Sales - December 
122.4
122.4
 
 
 
 
 
 
 
January 28
 
 
 
 
Employment Cost Index - Q4
0.9%
1.3
 
 
Employment Cost Index - Y/Y
3.9
3.7
 
 
 
 
 
 
 
Personal Income - December
0.4%
0.4
 
 
Personal Spending
-0.1
0.6
 
 
 
 
 
 
 
Michigan Consumer Sentiment - February (f)
68.8
68.8
 
 
 
 
 
 

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

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