Economic Data Forecasts For The Weeks Of May 9 And May 16
Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of May 9 |
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May 9 |
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Wholesale Inventories - March |
2.3% |
2.3 |
2.3 |
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May 10 |
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NFIB Small Business Optumism - April |
93.2 |
93.2 |
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May 11 |
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Consumer Price Index - April |
0.2% |
1.2 |
0.2 |
Core CPI |
0.4 |
0.3 |
0.4 |
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May 12 |
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Initial Unemployment Claims |
200K |
200 |
194.0 |
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Producer Price Index - April |
0.4% |
1.4 |
0.5 |
PPI less food, energy and trade services |
0.5 |
0.9 |
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May 13 |
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Export Prices - April |
0.6% |
4.5 |
0.7 |
Import Prices |
0.5 |
2.6 |
0.6 |
Import Prices, Ex-Petroleum |
1.2 |
1.1 |
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Michigan Consumer Sentiment - May (p) |
63.5 |
65.2 |
64.0 |
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Week of May 16 |
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May 16 |
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NY Fed Manufacturing Index |
15.0 |
24.6 |
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May 17 |
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Retail Sales - April |
0.5% |
0.4 |
0.6 |
Retail Sales, ex Autos |
0.3 |
0.2 |
0.5 |
Retail Sales,ex autos and gas |
0.8 |
0.7 |
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Industrial Production - April |
0.4% |
0.9 |
0.4 |
Capacity Utilization |
78.6 |
78.3 |
78.5 |
Manufacturing |
0.5 |
0.9 |
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Business Inventories - March |
1.8% |
1.5 |
1.8 |
NAHB Index - May |
77 |
77 |
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May 18 |
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Housing Starts - April |
1.785M |
1.793 |
1.780 |
Building Permits |
1.800 |
1.873 |
1.838 |
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May 19 |
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Initial Unemployment Claims |
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Philadelphia Fed Survey |
17.6 |
17.6 |
17.6 |
Leading Indicators |
0.3% |
0.3 |
0.4 |
Existing Home Sales - April |
5.650M |
5.770 |
5.64 |
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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