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.