Peter Morici Blog | Preliminary Economic Data Forecasts For The Weeks Of August 9 And 16 | 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

Preliminary Economic Data Forecasts For The Weeks Of August 9 And 16

Date: Thursday, August 5, 2021 4:31 AM EDT
Here are my forecasts for upcoming economic data.      
  Forecast Prior Observation  
Week of August 9      
August 9      
JOLTS - June 9.000M 9.209  
       
August 10      
NFIB Small Business Optimisim Index - July 104.0 102.5  
       
Productivity - Q2 (p) 3.4% 5.4  
Unit Labor Costs 0.9 1.7  
       
August 11      
Consumer Price Index - July 0.5% 0.9  
CPI Core 0.5 0.9  
       
Treasury Budget - July -$255.0B -174.2  
       
August 12      
Producer Price Index - July 0.4% 1.0  
PPI less food energy and trade services 0.4 0.5  
       
August 13      
Export Prices -  July 0.7% 1.2  
Import Prices 0.6 1.0  
       
Michigan Consumer Sentiment (p) 81.2 81.2  
       
Week of August 16      
August 16      
New York Fed Manufacturing Index 35.0 43.0  
       
August 17      
Retail Sales - July 0.3% 0.6  
Retail Sales, ex Autos 0.0 1.3  
Retail Sales, ex Autos and Gas 0.0 1.1  
       
Industrial Production - July  0.5% 0.4  
Manufacturing 0.3 -0.1  
Capacity Utilization 75.7 75.4  
       
Business Inventories - June 0.7% 0.6  
NAHB Index 80 80  
       
August 18      
Housing Starts - July 1.660 1.643  
Building Permits 1.680 1.598  
       
August 19      
Philadelphia Fed Survey 26.3 21.9  
Leading Economic Indicators 0.7% 0.7
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