Economic Data Forecasts For The Weeks Of June 5 And 12

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Here are my forecasts for upcoming economic data.
 
Forecast
Prior Observation
Week of June 5
 
 
 
June 5
 
 
 
Factory Orders - April
0.8%
0.9
 
Durable Goods Orders 
1.1
3.2
 
Nondurable Goods Orders 
0.4
-1.4
 
 
 
 
 
PMI Services Index
55.1
55.1
 
ISM Services - May
53.0
51.9
 
 
 
 
 
June 7
 
 
 
International Trade - April
-$75.4B
-64.2
 
Consumer Credit - April
$20.0K
26.5
 
 
 
 
 
June 8
 
 
 
Wholesale Inventories - April
-0.2%
-0.2
 
 
 
 
 
Week of June 12
 
 
 
June 12
 
 
 
Treasury Budget - May
 $125.0B
176.2
 
 
 
 
 
June 13
 
 
 
NFIB Small Business Optimism Index - May
91
89
 
 
 
 
 
Consumer Price Index - May
0.2%
0.4
 
Core CPI
0.4
0.4
 
 
 
 
 
June 14
 
 
 
Producer Price Index - May
0.2%
0.2
 
PPI Core
0.3
0.2
 
 
 
 
 
June 15
 
 
 
Retail Sales - May
0.2%
0.4
 
Retail Sales, ex Autos
0.4
0.4
 
Retail Sales, ex Autos and Gas
0.8
0.6
 
 
 
 
 
Philadelphia Fed Survey Index
-14.5
-10.4
 
NY Fed Manufacturing Index
-16.0
-31.8
 
 
 
 
 
Export Prices -  May
-0.5%
0.2
 
Import Prices
-0.5
0.4
 
Import Prices, ex-Petroleum
-0.1
-0.1
 
 
 
 
 
Industrial Production - June
0.1%
0.5
 
Capacity Utilization
79.9
79.7
 
Manufacturing
0.3
1.0
 
 
 
 
 
Business Inventories - April
0.0%
-0.2
 
 
 
 
 
June 16
 
 
 
Michigan Consumer Sentiment - June (p)
58.7
59.2
 

More By This Author:

Economic Data Forecasts For The Weeks Of May 29 And June 2
Economic Data Forecasts For The Weeks Of May 22 And 29
Economic Data Forecasts For The Weeks Of May 8 And 15

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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