Economic Data Forecasts For The Weeks Of October 9 And 16

By Peter Morici

Saturday, October 7, 2023 9:00 PM EST


Here are my forecasts for upcoming economic data
	Forecast	Prior Observation	Consensus
Week of October 9
October 10
NFIB Small Business Optimism Index - September	91.3	91.3
Wholesale Inventories - August	-0.1%	-0.2	-0.1

October 11
Producer Price Index - August	0.3%	0.7	0.3
PPI Core (less food, energy and trade services)	0.2	0.2	0.2
Energy		0.3

October 12
Consumer Price Index - September	0.3%	0.6	0.3
Core CPI	0.3	0.3	0.3

Initial Unemployment Claims	210K	207	210
Treasury Budget - August	-$16.2B	89.3

October 13
Export Prices - September	0.5%	1.3	0.5
Import Prices	0.5	0.5	0.5

Michigan Consumer Sentiment - October (p)	68.0	68.1	67.4

Week of October 16
October 16
New York Fed Manufacturing Index	0.0	1.9

October 17
Retail Sales - September	0.3%	0.6	0.3
Retail Sales, ex Autos	0.3	0.6	0.2
Retail Sales, ex Autos and Gas	0.3	0.2

Industrial Production - September	-0.1%	0.4
Capacity Utilization	79.5	79.7
Manufacturing	-0.2	0.1

Business Inventories - August	0.2%	0.1
NAHB Index	45	45

October 18
Housing Starts - September	1.320M	1.283
Building Permits	1.450	1.543

October 19
Philadelphia Fed Survey	-6.8	-13.5
Initial Unemployment Claims
Leading Indicators	-0.4%	-0.4
Existing Home Sales - September	3.880M	4.040

October 20
Treasury Budget - September	$88.3B	89.3

More By This Author:

Economic Data Forecasts For The Weeks Of Oct. 2 And 9
Economic Data Forecasts For The Weeks Of Sept. 25 And Oct. 1
Economic Data Forecasts For The Weeks Of Sept. 18 And 25

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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