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