Economic Data Forecasts For The Weeks Of May 12 And 19

Here are my forecasts for upcoming economic data    
  Forecast Prior Observation  
Week of May 12      
May 12      
Treasury Budget - April  $256.0B -160.5  
       
May 13      
NFIB Small Business Optimism - April 95.0 97.4  
       
Consumer Price Index - April 0.2% -0.1  
Core CPI 0.3 0.1  
Energy 2.5 2.4  
       
May 14      
       
May 15        
Retail Sales - April 0.3% 1.4  
Retail Sales, ex Autos 0.4 0.5  
Retail Sales,ex autos and gas 0.5 0.8  
       
Producer Price Index - April 0.3% -0.4  
PPI less food, energy and trade services 0.3 -0.1  
Energy      
       
Philadelphia Fed Survey -11.0 -26.4  
NY Fed Manufacturing Index -8.0 -8.1  
Initial Unemployment Claims 225K 228  
       
Industrial Production - April -0.1% -0.3  
Capacity Utilization 77.6 77.8  
Manufacturing -0.2 0.3  
       
Business Inventories - March 0.1% 0.2  
NAHB Index - May 40 40  
       
May 16      
Housing Starts - April 1.350M 1.324  
Building Permits 1.470 1.482  
       
Export Prices - April -0.4% 0.0  
Import Prices -0.4 -0.1  
Import Prices, Ex-Petroleum 0.0 0.0  
       
Michigan Consumer Sentiment - May (p) 52.2 52.2  
Year Ahead Inflation 6.5% 6.5  
       
Week of May 19      
May 19      
Leading Indicators  -0.8 -0.7  
       
May 22      
Initial Unemployment Claims      
       
PMI Manufacturing Flash Index - May 49.8 50.2  
PMI Services Flash  50.6 50.8  
       
Existing Home Sales - April 4.036M 4.020  
Chicago Fed National Activity Index - April -0.3 -0.3  
       
May 23      
       
New Home Sales - April 724K 724  
       
Week of May 26      
May 27      
Durable Goods Sales - April -7.5% 9.2  
       
S&P Case/Shiller Index - March      
Twenty City M/M 1.6% 0.7  
Twenty City M/M - SA 0.2 0.4  
Twenty City Y/Y 4.5 4.5  
Third Quarter Twenty City Q/Q - SA      
       
FHFA Housing Price Index - March 0.1% 0.1  
Consumer Confidence 88.0 86.0  
Dallas Fed Manufacturing Survey -26.1 -35.8  
       
May 28      
Richmond Fed Index -9.0 -13.0  
       
May 29      
GDP - Q1(p) -0.3 -0.3  
Pending Home Sale Index - April 75.0 76.5  
       
May 30      
International Trade in Goods - April -$143.0B 162.0  
Wholesale Inventories - April (a) 0.4% 0.4  
       
Personal Income - April 0.3% 0.5  
Personal Spending 0.2 0.7  
       
Chicago PMI - May 43.0 44.6  

More By This Author:

Economic Data Forecasts For The Weeks Of May 5 And 12
Economic Data Forecasts For The Weeks Of April 28 And May 5
Economic Data Forecasts For The Weeks Of April 14 And 21

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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