Preliminary Economic Data Forecast

Accountant, Counting, Calculation

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Here are my forecasts for upcoming economic data.

 
  Forecast Prior Observation
Week of May 10    
May 11    
NFIB Small Business Optimism - April 100.0 98.2
JOLTS -March 7.500M 7.367
     
May 12    
Consumer Price Index - April 0.2% 0.6
Core CPI 0.3 0.3
     
Treasury Budget - April  -$40.0B -659.6
     
May 13    
Producer Price Index - April 0.2% 1.0
PPI less food, energy and trade services 0.2 0.6
     
May 14    
Retail Sales - April 0.2% 9.8
Retail Sales, ex Autos 0.2 8.4
Retail Sales,ex autos and gas 0.3 8.2
     
Export Prices - April 0.6% 2.1
Import Prices 0.6 1.2
Import Prices, Ex-Petroleum 0.6 0.9
     
Industrial Production - April 3.5 1.4
Capacity Utilization 76.9 74.4
Manufacturing 3.0 2.7
     
Business Inventories - March 0.4% 0.5
Michigan Consumer Sentiment - May (p) 90.2 88.3
     
Week of May 17    
May 17    
NY Fed Manufacturing Index 23 26.3
NAHB Index - May 84 83
     
May 18    
Housing Starts - April 1.720M 1.739
Building Permits 1.780 1.766
     
May 20    
Philadelphia Fed Survey 45 50.2
Leading Indicators  1.3% 1.3
     
May 21    
Existing Home Sales - April 5.900M 6.010

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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