Economic Data And Forecasts For The Weeks Of August 7 And August 14
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Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of August 7 |
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August 7 |
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Consumer Credit - June |
$16.0B |
18.4 |
15.5 |
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August 8 |
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NFIB Small Business Optimism Index - July |
103.4 |
103.6 |
103.2 |
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JOLTS - June |
5.600 |
5.666 |
5.600 |
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August 9 |
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Productivity - Q2 (p) |
0.5% |
0.0 |
0.8 |
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Unit Labor Costs |
0.7 |
2.2 |
1.4 |
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Wholesale Inventories - June (r) |
0.6% |
0.6(p) |
0.6 |
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August 10 |
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Initial Unemployment Claims |
242K |
240 |
241 |
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Producer Price Index - July |
0.1% |
0.1 |
0.1 |
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PPI Core |
0.2 |
0.2 |
0.2 |
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Energy |
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August 11 |
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Consumer Price Index - July |
0.1% |
0.0 |
0.2 |
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CPI Core |
0.2 |
0.1 |
0.2 |
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Week of August 14 |
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August 15 |
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Retail Sales - July |
0.3% |
-0.2 |
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Retail Sales, ex Autos |
0.3 |
-0.2 |
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New York Fed Manufacturing Index |
11.0 |
9.8 |
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Export Prices - July |
0.3% |
-0.2 |
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Import Prices |
0.2 |
-0.2 |
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Import Prices, ex-Petroleum |
0.1 |
0.1 |
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Business Inventories - June |
0.4% |
0.3 |
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NAHB Index |
66 |
64 |
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August 16 |
1.220M |
1.215 |
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Housing Starts - July |
1.245 |
1.254 |
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August 17 |
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Philadelphia Fed Survey |
20.0 |
19.5 |
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Industrial Production - July |
0.4% |
0.4 |
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Manufacturing |
0.2 |
0.2 |
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Capacity Utilization |
76.8 |
76.6 |
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Leading Economic Indicators |
0.3% |
0.6 |
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August 18 |
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Michigan Consumer Sentiment (p) |
93.4 |
93.4 |
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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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