Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of May 15

May 15

NY Fed Manufacturing Index

9.0

5.2

7.0

NAHB Index - May

68

68

68

May 16

Housing Starts - April

1.260M

1.215

1.256

Building Permits

1.280

1.260

1.271

Industrial Production - April

0.4%

0.5

0.4

Capacity Utilization

76.4

76.1

76.3

Manufacturing

0.3

-0.4

0.3

May 18

Initial Unemployment Claims

243K

236

240

Philadelphia Fed Survey

22

22

19.6

Leading Indicators

0.3%

0.4

0.3

Week of May 22

May 22

Chicago Fed National Activity Index - April

0.10

0.08

May 23

New Home Sales - April

600K

621

Richmond Fed Manufacturing Survey

19

20

May 24

FHFA Housing Price Index - March

0.5%

0.8

Existing Home Sales - April

5.530M

5.710

PMI Manufacturing Flash Index

53.1

52.8

PMI Services Flash - April

53.1

53.1

May 25

International Trade in Goods - March

-$65.0b

-64.8

Kansas City Fed Manufacturing Index

10

7

May 26

Durable Goods Sales - April

-0.5%

0.9

GDP - Q1 (p)

0.8%

0.7

GDP Implicit Price Deflator

2.3

2.3

PCE

PCE Deflator

PCE Core Deflator

Michigan Consumer Sentiment Index - May (r)

98

97.7