Economic Data Forecasts For The Weeks Of September 16 And 23

 

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of September 16

       

September 16

       

New York Fed Manufacturing Index

5.0

4.8

4.9

 
         

September 17

       

Industrial Production - August

0.3%

-0.2

0.1

 

Capacity Utilization

77.7

77.5

77.5

 

Manufacturing

0.2

-0.4

0.1

 
         

NAHB Index

66

66

66

 
         

September 18

       

Housing Starts - August

1.250M

1.191

1.250

 

Building Permits

1.300

1.336

1.300

 
         

FMOC

1.875%

2.125

1.875

 
         

September 19

       

Initial Unemployment Claims

215K

203

215

 

Philadelphia Fed Survey

11.5

16.8

11.3

 

Current Account - Q2

-$128.5B

-130.4

-131.4

 

Existing Home Sales - August

5.410K

5.420

5.375

 

Leading Indicators

0.2

0.5

0.1

 
         

Week of September 23

       

September 23

       

Chicago Fed National Manufacturing Index - August

-0.1

-0.36

   
         

PMI Manufacturing - Flash

51.3

50.3

   

PMI Services Flash

51.4

50.7

   
         

September 24

       

S&P Case/Shiller Index - July

       

Ten City Y/Y

       

Twenty City M/M

0.4%

0.3

   

Twenty City M/M - SA

0.1

0.0

   

Twenty City Y/Y

2.4

2.2

   
         

FHFA Home Price Index - July

0.2%

0.2

   

Consumer Confidence - September

134.1

135.1

   

Richmond Fed Manufacturing Index

1.0

1.0

   
         

September 25

       

New Home Sales - August

640K

635

   
         

September 26

       

GDP - Q2

2.0%

2.0

   

GDP Implicit Price Deflator

2.4

2.4

   
         

International Trade in Goods - August

-$73.3B

-72.3

   

Wholesale Inventories - August (a)

0.2

0.2

   
         

Pending Home Sale Index - Aug

105.6

105.6

   
         

September 27

       

Durable Goods Sales - August

0.5

2.0

   
         

Personal Income - August

0.4%

0.1

   

Personal Spending

0.3

0.6

   
       

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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