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OPINION

Morici Forecasts for Coming Week

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

Week of June 16

Forecast

Prior Observation

Consensus

June 16

NY Fed Manufacturing Index

15.3

19.01

15.0

Industrial Production - May

0.4%

-0.6

0.5

Capacity Utilization

78.9

78.6

78.9

Manufacturing Output

0.4

-0.4

0.5

NAHB Index - June

47

45

47

June 17

Consumer Price Index - May

0.1%

0.3

0.2

Core CPI

0.1

0.2

0.2

Housing Starts - May

1.050M

1.072

1.036

Building Permits

1.065

1.080

1.062

June 18

Current Account - Q1

-$103.3B

81.1

-99.8

June 19

Initial Unemployment Claims

314K

317

313

Philadelphia Fed Survey Index

13.5

15.4

13

Leading Indicators

0.6%

0.4

0.6

June 20

Week of June 23

June 23

Existing Home Sales - May

4.80M

4.65

4.71

Chicago Fed National Activity Index - May

0.5

0.34

June 24

FHFA Home Price Index - April

0.5%

0.7

S&P Case/Shiller Index - April

Twenty City M/M

1.5%

0.9

1.2

Twenty City M/M - SA

0.8

1.2

1.1

Twenty City Y/Y

11.4

12.4

11.8

New Home Sales - May

457K

433

450

Consumer Confidence

83.0

83

83

Richmond Fed Manufacturing Index

6.0

7.0

June 25

Durable Goods Sales - May

0.2%

0.6

0.1

GDP - Q1 (f)

-1. 6%

-1.0

-1.6

GDP Implicit Price Deflator

1.3

1.3

1.3

June 26

Personal Income - May

0.3%

0.3

0.3

Personal Spending

0.4

-0.1

0.4

June 27

Michigan Consumer Sentiment Index - June (r)

81.3

81.2

82.4

Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

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