Economic Data Forecasts For The Weeks Of July 10 And 17
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Here are my forecasts for upcoming economic data. | |||
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Forecast |
Prior Observation |
Consensus |
Week of July 10 |
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July 10 |
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Wholesale Inventories - May |
-0.1% |
-0.1 |
-0.1 |
Consumer Credit - May |
$19.00B |
23.0 |
20.50 |
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July 11 |
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NFIB Small Business Optimism Index - July |
89.0 |
89.4 |
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July 12 |
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Consumer Price Index - June |
0.4% |
0.1 |
0.3 |
Core CPI |
0.4 |
0.4 |
0.3 |
Energy |
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-3.6 |
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July 13 |
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Producer Producer Index - June |
0.3% |
-0.3 |
0.2 |
PPI less food energy and trade services |
0.3 |
0.0 |
0.2 |
Energy |
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-6.8 |
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Initial Unemployment Claims |
250K |
248 |
249 |
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Treasury Budget - June |
-$90.0B |
-240.3 |
-90 |
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July 14 |
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Export Prices - June |
-0.3% |
-1.9 |
-0.3 |
Import Prices |
-0.3 |
-0.6 |
-0.1 |
Import Prices, ex-Energy |
-0.2 |
-0.2 |
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Michigan Consumer Sentiment Index (p) |
65.5 |
64.4 |
65.5 |
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Week of July 17 |
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July 17 |
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NY Fed Manufacturing Index |
0.0% |
6.6 |
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July 18 |
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Retail Sales - June |
0.4% |
0.3 |
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Retail Sales, ex Autos |
0.3 |
0.1 |
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Retail Sales, ex Autos and Gasoline |
0.2 |
0.4 |
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Retail Sales, Gasoline |
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Industrial Production - June |
0.0% |
-0.2 |
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Capacity Utilization |
79.4 |
79.6 |
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Manufacturing |
-0.1 |
0.1 |
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Business Inventories - May |
0.2% |
0.2 |
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NAHB Index - July |
55.0 |
55.0 |
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July 19 |
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Housing Starts - June |
1.485M |
1.631 |
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Building Permits |
1515 |
1.491 |
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July 20 |
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Initial Unemployment Claims |
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Philadelphia Fed Survey |
-10.4 |
-13.7 |
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Leading Indicators |
-0.4% |
-0.7 |
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Existing Home Sales - June |
4.300K |
4.300 |
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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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