Economic Data Forecasts For The Weeks Of June 13 And June 20
Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of June 13 |
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June 14 |
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NFIB Small Business Optimism Index - May |
93.2 |
93.2 |
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Producer Price Index - May |
0.8% |
0.5 |
0.8 |
PPI Core |
0.6 |
0.6 |
0.6 |
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June 15 |
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Retail Sales - May |
0.3% |
0.9 |
0.2 |
Retail Sales, ex Autos |
1.1 |
0.6 |
0.8 |
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NY Fed Manufacturing Index |
3.0 |
-11.6 |
4.5 |
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Export Prices - May |
1.3% |
0.6 |
1.4 |
Import Prices |
1.2 |
0.0 |
1.1 |
Import Prices, ex-Petroleum |
0.8 |
0.4 |
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Business Inventories - April |
1.4% |
2.0 |
1.2 |
NAHB Index - June |
68 |
69 |
68 |
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FMOC |
1.375% |
0.875 |
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June 16 |
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Initial Unemployment Claims |
220K |
229 |
215 |
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Housing Starts - May |
1.750M |
1.724 |
1.700 |
Building Permits |
1.830 |
1.819 |
1.787 |
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Philadelphia Fed Survey Index |
8.0 |
2.6 |
5.3 |
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June 17 |
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Industrial Production - June |
0.3% |
1.1 |
0.4 |
Capacity Utilization |
79.2 |
79.0 |
79.2 |
Manufacturing |
0.4 |
0.8 |
0.4 |
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Leading Indicators |
0.0% |
-0.3 |
-0.4 |
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Week of June 20 |
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June 20 |
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Chicago Fed National Activity Index - May |
0.47 |
0.47 |
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June 21 |
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Existing Home Sales - May |
5.410M |
5.610 |
5.370 |
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June 23 |
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Initial Unemployment Claims |
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Current Account - Q1 |
$290.0B |
-217.9 |
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PMI Manufacturing Flash Index |
57.0 |
57.0 |
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PMI Services Flash Index |
53.9 |
53.4 |
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June 24 |
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New Home Sales - May |
625K |
591 |
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Michigan Consumer Sentiment Index - June (r) |
50.2 |
50.2 |
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.