Economic Data And Forecasts For The Weeks Of July 10 And July 17

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