Economic Data Forecasts For The Weeks Of July 11 And 18

Here are my forecasts for upcoming economic data.

 
 

 
Forecast
Prior Observation
Consensus
Week of July 11
 
 
 
 
July 12
 
 
 
 
NFIB Small Business Optimism Index - July
93.1
 
93.1
 
 
 
 
 
 
July 13
 
 
 
 
Consumer Price Index - June
1.0%
 
1.0
1.1
Core CPI
0.6
 
0.6
06
 
 
 
 
 
Treasury Budget - June
-$30.0B
 
-66.2
 
 
 
 
 
 
July 14
 
 
 
 
Initial Unemployment Claims
235
 
235
235
 
 
 
 
 
Producer Producer Index - June
0.8%
 
0.8
0.8
PPI less food energy and trade services
0.5
 
0.5
 
 
 
 
 
 
July 15
 
 
 
 
Retail Sales - June
0.4%
 
-0.3
 
Retail Sales, ex Autos
0.6
 
0.5
 
Retail Sales, ex Autos and Gasoline
0.2
 
0.1
 
Retail Sales, Gasoline
 
 
 
 
 
 
 
 
 
NY Fed Manufacturing Index
0.0
 
-1.2
-2.0
 
 
 
 
 
Export Prices -  June
0.7%
 
0.6
1.1
Import Prices
0.7
 
2.8
0.7
Import Prices, ex-Energy
0.6
 
-0.1
 
 
 
 
 
 
Industrial Production - June
0.3%
 
0.2
0.1
Capacity Utilization
79.2
 
79.0
 
Manufacturing
0.3
 
-0.1
0.0
 
 
 
 
 
Business Inventories - May
1.4%
 
1.2
1.2
Michigan Consumer Sentiment Index (p)
50.0
 
50.0
49.8
 
 
 
 
 
Week of July 18
 
 
 
 
July 18
 
 
 
 
NAHB Index - July
67
 
67
 
 
 
 
 
 
July 19
 
 
 
 
Housing Starts - June
1.630K
 
1.545
1.559
Building Permits
1.695
 
1.695
 
 
 
 
 
 
July 20
 
 
 
 
Existing Home Sales - June
5.330M
 
5.410
5.410
 
 
 
 
 
July 21
 
 
 
 
Initial Unemployment Claims
 
 
 
 
Philadelphia Fed Survey
2.0
 
-3.3
 
Leading Indicators 
-0.3%
 
-0.4
-0.4
 
 
 
 
 
July 22
 
 
 
 
PMI Manufacturing Flash Index
53.0
 
52.7
52.4
PMI Services Flash Index
53.0
 
52.7
51.6

More By This Author:

Economic Data Forecasts For The Weeks Of July 4 And July 11
Economic Data Forecasts For The Weeks Of June 27 And July 4
Economic Data Forecasts for the Weeks of June 20 and 27

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

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