Economic Data Forecasts For The Weeks Of July 10 And 17

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

More By This Author:

Economic Data Forecasts For The Weeks Of July 3 And 10
Economic Data Forecasts For The Weeks Of June 26 And July 3
Economic Data Forecasts For The Weeks Of June 19 And 26

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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