Economic Data Forecasts For The Weeks Of May 8 And 15

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Here are my forecasts for upcoming economic data    
  Forecast Prior Observation Consensus
Week of May 8
 
 
 
May 8
 
 
 
Wholesale Inventories - March
0.10%
0.1
0.1
 
 
 
 
May 9
 
 
 
NFIB Small Business Optumism - April
89.8
90.1
 
 
 
 
 
May 10
 
 
 
Consumer Price Index - April
0.4%
0.1
0.4
Core CPI
0.4
0.4
0.4
 
 
 
 
Treasury Budget - April 
$400B
-378.1
 
 
 
 
 
May 11
 
 
 
Initial Unemployment Claims
245K
242
245
 
 
 
 
Producer Price Index - April
0.3%
-0.5
0.3
PPI less food, energy and trade services
0.3
0.1
0.2
 
 
 
 
May 13
 
 
 
Export Prices - April
0.2%
-0.3
0.3
Import Prices
0.3
-0.6
0.3
Import Prices, Ex-Petroleum
-0.3
-0.6
 
 
 
 
 
Michigan Consumer Sentiment - May (p)
63.5
63.5
63.0
 
 
 
 
Week of May 15
 
 
 
May 15
 
 
 
NY Fed Manufacturing Index
2.0
10.8
 
 
 
 
 
May 16
 
 
 
Retail Sales - April
0.5%
-0.6
 
Retail Sales, ex Autos
0.3
-0.4
 
Retail Sales,ex autos and gas
0.2
-0.3
 
 
 
 
 
Industrial Production - April
-0.1%
0.5
 
Capacity Utilization
79.7
79.8
 
Manufacturing
0.2
-0.5
 
 
 
 
 
Business Inventories - March
0.0%
0.2
 
 
 
 
 
NAHB Index - May
45
45
 
 
 
 
 
May 17
 
 
 
Housing Starts - April
1.420M
1.420
 
Building Permits
1.440
1.413
 
 
 
 
 
May 18
 
 
 
Initial Unemployment Claims
 
 
 
Philadelphia Fed Survey
-20
-31.3
 
Leading Indicators 
-0.4%
-1.2
 
Existing Home Sales - April
4.240M
4.440
 
 

 


More By This Author:

Economic Data Forecasts For The Weeks Of May 1 And 8
Economic Data Forecasts For The Weeks Of April 24 And May 1
Economic Data Forecasts For The Weeks Of April 17 And 24

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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