Economic Data Forecasts For The Weeks Of June 7 And 14

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of June 7      
June 7      
Consumer Credit - April $20.0B 25.8 21.0
       
June 8      
NFIB Small Business Optimisim Index - May 100.0 99.8  
International Trade - April -$67.0B -74.4 -69.0
       
JOLTS - April 8.000M 8.123  
       
June 9      
Wholesale Inventories - April 0.8% 0.8 0.8
       
June 10      
Initial Unemployment Claims 370K 385 371
       
Consumer Price Index - May 0.3% 0.8 0.4
Core CPI 0.4 0.9 0.4
       
Treasury Budget - May -$175.0B -225.6  
       
June 11      
Michigan Consumer Sentiment - June (p) 82.9 82.9 84.0
       
Week of June 14      
June 15      
Retail Sales - May -0.5% 0.0 -0.3
Retail Sales, ex Autos -0.1 -0.8 0.4
Retail Sales, ex Autos and Gas 0.0 -0.8  
       
Producer Price Index - May 0.3% 0.6 0.5
PPI Core 0.2 0.7  
       
NY Fed Manufacturing Index 22.0 24.3  
       
Industrial Production - May 1.0% 0.7 0.6
Capacity Utilization 75.9 74.9  
Manufacturing Output 1.0 0.4  
       
Business Inventories - April 0.4% 0.2  
NAHB Index - June 83 83.0  
       
June 16      
Housing Starts - May 1.700M 1.569 1.615
Building Permits 1.750 1.760  
       
Export Prices -  May 0.7% 0.8  
Import Prices 0.8 0.7  
Import Prices, ex-Peteroleum 0.5 0.7  
       
FMOC 0.125% 0.125  
       
June 17      
Philadelphia Fed Survey Index 35.0 31.5  
Leading Indicators  1.4% 1.6 1.1
 

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

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