Peter Morici Blog | Economic Data Forecasts For The Weeks Of Nov. 16 And 23 | TalkMarkets
Professor Emeritus, Robert H. Smith School of Business, University of Maryland
Professor Peter Morici is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in ...more

Economic Data Forecasts For The Weeks Of Nov. 16 And 23

Date: Sunday, November 15, 2020 2:03 AM EDT

Here are my forecasts for upcoming economic data.

   
 

Forecast

Prior Observation

Consensus

Week of November 16

     

November 16

     

NY Fed Manufacturing Index

13.5

10.5

13.5

       

November 17

     

Retail Sales - October

0.6%

1.9

0.5

Retail Sales, ex Autos

0.7

1.5

0.6

Retail Sales, ex Autos and Gas

0.8

1.5

 

Retail Sales, Autos

     
       

Industrial Production - October

1.4%

-0.6

1.0

Capacity Utilization

72.7

71.5

72.2

Manufacturing

1.2

-0.3

1.0

       

Business Inventories - September

0.5%

0.3

0.5

NAHB Index

85

85

85

       

Export Prices -  October

0.3%

0.6

0.3

Import Prices

0.2

0.3

0.2

       

November 18

     

Housing Starts - October

1.470M

1.415

1.460

Building Permits

1.570

1.553

1.560

       

November 19

     

Initial Unemployment Claims

690K

709

705

Philadelphia Fed Survey

22.0

32.3

24.0

       

Existing Home Sales - October

6.470M

6.540

6.450

Leading Indicators

0.7%

0.7

0.7

       

Week of November 23

     

November 23

     

Chicago Fed National Activity Index - October

0.27

0.27

 
       

PMI Services Flash Index

56.0

56.0

 

PMI Manufacturing Flash Index

53.0

53.4

 
       

November 24

     

S&P Case/Shiller Index - September

     

Twenty City M/M

0.0%

1.1

 

Twenty City M/M - SA

0.5

0.5

 

Twenty City Y/Y

4.6

5.2

 
       

FHFA Housing Price Index  - Sept

1.0%

1.5

 

Consumer Confidence - November

101.5

100.9

99.0

Richmond Fed Manufacturing Index

21.0

29

 
       

November 25

     

Initial Unemployment Claims

     

Durable Goods Sales - October

1.6%

1.9

 

International Trade in Goods - October

-$81.0B

-79.4

 

Wholesale Inventories - October (p)

0.2%

0.4

 
       

GDP - Q3 (r)

33.2%

33.1

33.2

PCE Core Deflator

     
       

Personal Income - October

0.3%

0.9

0.6

Personal Spending

0.7

1.4

0.7

       

New Home Sales - October

970K

959

 

Michigan Consumer Sentiment Index - November (r)

78.0

77.0

78.5

       
 

 

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