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