Economic Data Forecasts For The Weeks Of March 13 And 20

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Here are my forecasts for upcoming economic data.    
 
Forecast
Prior Observation
Consensus
Week of March 13
 
 
 
March 14
 
 
 
NFIB Small Business Optimism Index - February
91.5
90.3
 
 
 
 
 
Consumer Price Index - February
0.5%
0.5
0.4
CPI Core
0.4
0.4
0.4
 
 
 
 
March 15
 
 
 
Retail Sales - February
0.4%
3.0
-0.2
Retail Sales, ex Autos
0.8
2.3
0.6
Retail Sales, ex-Autos, Gas
 
2.6
 
Retail Sales, Autos
 
 
 
 
 
 
 
PPI
0.3%
0.7
0.3
PPI less food, energy and trade services
0.3
0.6
 
 
 
 
 
NY Fed Manufacturing Index
-6.3
-5.8
 
Business Inventories - January
0.1
0.3
0.0
NAHB Index
40
42
42
 
 
 
 
March 16
 
 
 
Initial Unemployment Claims
205K
211
205
 
 
 
 
Housing Starts - February
1.330M
1.309
1.310
Building Permits
1.350M
1.339
1.328
 
 
 
 
Philadelphia Fed Survey
-16.6
-24.3
-14.5
 
 
 
 
Export Prices - February
-0.3%
0.8
-0.1
Import Prices
-0.3
-0.2
-0.2
 
 
 
 
March 17
 
 
 
Industrial Production - February
0.6%
0.0
0.4
Manufacturing Output
0.1
1.0
-0.2
Capacity Utilization
78.7
78.3
78.5
 
 
 
 
Michigan Consumer Sentiment - March (p)
67.0
67.0
67.0
Leading Indicators - February
-0.2
-0.3
-0.2
 
 
 
 
Week of March 20
 
 
 
March 21
 
 
 
Existing Home Sales - February
4.150M
4.000
 
 
 
 
 
March 22
 
 
 
FMOC
5.125%
0.4625
 
 
 
 
 
March 23
 
 
 
Current Account - Q4
-$214.0B
-217.1
 
New Home Sales - February
635K
670
 
Chicago Fed National Activity Index - February
0.10
0.23
 
Kansas City Fed Index - February
0
0
 
 
 
 
 
March 24
 
 
 
Durable Goods Orders - February
2.8%
-4.5
 
 
 
 
 
PMI Manufacturing Flash Index
47.0
47.3
 
PMI Services Flash Index
50.3
50.6
 
 

More By This Author:

Economic Data Forecasts For The Weeks Of March 6 And 13
Economic Data Forecasts For The Week Of Feb. 27
Economic Data Forecasts For The Weeks Of Feb. 20 And 27

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

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