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

Here are my forecasts for upcoming economic data.

       

Forecast

Prior Observation

Consensus

 

Week of September 10

       

September 10

       

Consumer Credit – July

$14.0B

10.2

14.0

           

September 11

       

NFIB Small Business Optimism Index – August

108.0

107.9

108.2

 

JOLTS – July

6.665M

6.662

6.665

           

Wholesale Inventories – July

                 

September 12

       

Producer Price Index – August

0.2%

0.0

0.2

 

PPI Core (less food, energy and trade services)

0.2

0.3

0.2

           

September 13

       

Initial Unemployment Claims

210K

203K

210

           

Consumer Price Index – August

0.2%

0.2

0.3

 

Core CPI

0.2

0.2

0.2

           

Treasury Budget – August

-$178.0B

-76.9

-166.5

           

September 14

       

Retail Sales – August

0.4%

0.5

0.4

 

Retail Sales, ex Autos

0.5

0.6

0.5

 

Retail Sales, Less Autos and Gas

0.5

0.6

0.4

           

Export Prices – August

-0.1%

-0.5

0.2

 

Import Prices

-0.2

0.0

-0.1

           

Industrial Production – August

0.2%

0,1

0.4

 

Capacity Utilization

78.2

78.1

78.3

 

Manufacturing

0.2

0.3

0.2

           

Business Inventories – July

0.5%

0.1

0.5

 

Michigan Consumer Sentiment – Sept (p)

97.0

96.2

97.0

           

Week of September 17

       

September 17

       

NY Fed Manufacturing Index

23.8

25.6

             

September 18

       

NAHB Index

68

67

             

September 19

       

Housing Starts – August

1.250M

1.168

   

Building Permits

1.320

1.311

             

Current Account – Q2

$105.1B

124.1

             

September 20

       

Philadelphia Fed Survey

19.2

11.9

   

Existing Home Sales – August

5.460M

5.340

   

Leading Indicators

0.5%

0.6