Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of July 10

July 10

Consumer Credit - May

$13.5B

8.2

14.6

July 11

NFIB Small Business Optimism Index - June

104.5

104.5

104.5

JOLTS - May

5.950M

6.044

5.975

Wholesale Inventories - May

0.3%

0.3 (p)

0.3

July 13

Initial Unemployment Claims

242K

248

Producer Producer Index - June

0.0%

0.0

0.0

Core PPI (less food, energy and trade services

0.2

-0.1

0.2

Treasury Budget - June

-$50.0B

-88.4

July 14

Consumer Price Index - June

0.1%

-0.1

0.1

Core CPI

0.2

0.1

0.2

Retail Sales - June

0.1%

-0.3

0.1

Retail Sales, ex Autos

0.2

-0.3

0.2

Retail Sales, ex Autos and Gasoline

0.3

0.0

0.4

Industrial Production - June

0.2%

0.0

0.3

Capacity Utilization

76.7

76.6

76.8

Manufacturing

0.1

-0.4

0.2

Business Inventories - May

0.3%

-0.2

0.3

Michigan Consumer Sentiment Index (p)

95.1

95.1

95.1

Week of July 17

July 17

NY Fed Manufacturing Index

16.0

19.8

July 18

Export Prices - June

-0.1%

-0.7

Import Prices

-0.5

-0.3

NAHB Index - July

68

67

July 19

Housing Starts - June

1.180M

1.092

Building Permits

1.210

1.168

July 20

Philadelphia Fed Survey

24.0

27.6

Leading Indicators

0.2%

0.3