Economic Data And Forecasts For The Weeks Of Jan. 8 And Jan. 15

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of January 8

       

January 8

       

Consumer Credit - November

$19.0B

20.5

18.0

 
         

January 9

       

NFIB Small Business Optimism Index - Dec

107.5

107.5

107.9

 

JOLTS - November

6.040

5.996

6.038

 
         

January 10

       

Export Prices - December

0.2%

0.5

0.3

 

Import Prices_ December

0.2

0.7

0.4

 
         

Wholesale Inventories - November

0.7%

0.7

0.7

 
         

January 11

       

Initial Unemployment Claims

240K

250

245

 
         

Producer Price Index - December

0.1%

0.4

0.2

 

Core PPI (PPI ex Food, Energy, Trade Services)

0.2

0.4

   
         

Treasury Budget - December

-$54.0B

-138.5

-32.0

 
         

January 12

       

Consumer Price Index - December

0.1%

0.4

0.1

 

Core CPI

0.2

0.1

0.2

 
         

Retail Sales - December

0.6%

0.8

0.5

 

Retail Sales, ex autos

0.5

1.0

0.4

 

Retail Sales, ex autos and gasoline

0.6

0.8

0.5

 
         

Business Inventories - November

0.3%

-0.1

0.3

 
         

Week of January 15

       

January 16

       

NY Fed Manufacturing Index - January

19.0

18.0

   
         

January 17

       

Industrial Production - December

0.3%

0.2

   

Capacity Utilization

77.3

77.1

   

Manufacturing

0.3

0.2

   
         

NAHB Index - January

72

74

   
         

January 18

       

Initial Unemployment Claims

       

Philadelphia Fed Index

23

26.2

   
         

Housing Starts - December

1.270K

1.297

   

Building Permits

1.300

1.298

   
         

January 19

       

Michigan Consumer Sentiment - January (p)

97.0

95.9

   
 

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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