Economic Data Forecasts For The Weeks Of July 8 & 15
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior | ||
| Observation | |||
| Week of July 8 | |||
| July 8 | |||
| Consumer Credit - May | $6.5B | 6.4 | |
| July 9 | |||
| NFIB Small Business Optimism Index - June | 91.5 | 90.5 | |
| July 10 | |||
| Wholesale Inventories - May | 0.6% | 0.6 | |
| July 11 | |||
| Consumer Price Index - June | 0.1% | 0.0 | |
| Core CPI | 0.3 | 0.2 | |
| Treasury Budget - June | -$83.0B | -347.1 | |
| July 12 | |||
| Producer Producer Index - June | 0.2% | -0.2 | |
| PPI less food energy and trade services | 0.2 | 0.0 | |
| Michigan Consumer Sentiment Index (p) | 68.2 | 68.2 | |
| Week of July 15 | |||
| July 15 | |||
| NY Fed Manufacturing Index | -6.0 | -6.0 | |
| July 16 | |||
| Retail Sales - June | 0.3% | 0.1 | |
| Retail Sales, ex Autos | 0.2 | -0.1 | |
| Retail Sales, ex Autos and Gasoline | 0.4 | 0.1 | |
| Export Prices - June | -0.1% | -0.6 | |
| Import Prices | -0.1 | -0.4 | |
| Import Prices, ex-Energy | -0.1 | -0.3 | |
| Business Inventories - May | 0.5% | 0.3 | |
| NAHB Index - July | 45 | 43 | |
| July 17 | |||
| Housing Starts - June | 1.345M | 1.277 | |
| Building Permits | 1.430 | 1.386 | |
| Industrial Production - June | 0.0% | 0.9 | |
| Capacity Utilization | 78.1 | 78.2 | |
| Manufacturing | -0.1% | 0.9 | |
| July 18 | |||
| Philadelphia Fed Survey | 2.9 | 1.3 | |
| Leading Indicators | -0.3% | -0.5 |
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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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