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OPINION

Forecasts for the Weeks of October 6 and 13

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Here are my forecasts for upcoming economic data.
Forecast Prior Observation Consensus
Week of October 6
October 7
JOLTS - August 4.700M 4.673 4.710
Consumer Credit - August $21.0B 26.0 20.0
October 9
Initial Unemployment Claims 300K 287 293
Wholesale Inventories - August 0.3% 0.1 0.3
Wholesale Sales
October 10
Export Prices -September -0.1% -0.5 -0.1
Import Prices -0.9 -0.9 -0.8
Import Prices, ex-Energy 0.0
Treasury Budget - September $82.0B -128.7 72.0
Week of October 13
October 15
Producer Price Index - September 0.0% 0.0 -0.2
PPI Core 0.1 0.2 0.0
Energy
Retail Sales - September 0.0% 0.6 -0.1
Retail Sales, ex Autos 0.2 0.3 0.2
NY Fed Manufacturing Index 20.5 27.54 21.5
Business Inventories - August 0.4% 0.4 0.4
October 16
Industrial Production - August 0.4% -0.1 0.3
Capacity Utilization 79.1 78.8 78.9
Philadelphia Fed Survey 20.5 22.5 19.5
NAHB Index 59 59 59
October 17
Housing Starts - September 1.018M 0.956 1.016
Building Permits 1.035 0.998 1.023
Michigan Consumer Sentiment - October (p) 84.6 84.6 84.2
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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