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OPINION

Forecasts for the Weeks of March 9 and 16

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
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Here are my forecasts for upcoming economic data.
ForecastPrior ObservationConsensus
Week of March 9
March 10
JOLTS - January5.0655.0285.075
NFIB Small Business Optimism Index - February99.097.999.0
Wholesale Inventories - January-0.2%0.00.1
March 11
Treasury Budget - February-$191.0B-10.4-186.5
March 12
Initial Unemployment Claims295313309
Retail Sales - February0.3%-0.80.3
Retail Sales, ex Autos0.4-0.90.5
Export Prices - February-0.6%-2.9-0.1
Import Prices0.1-2.80.2
Import Prices, Ex-Petroleum-0.4-0.6
Business Inventories - January 0.0%-0.30.1
March 13
Producer Price Index - February0.1%-0.80.3
PPI Core0.1-0.30.1
Michigan Consumer Sentiment - March (p)96.095.496.0
Week of March 16
March 16
NY Fed Manufacturing Index9.07.787.25
Industrial Production - February0.3%0.30.3
Capacity Utilizaqtion79.679.479.5
Manufacturing Output0.20.20.3
NAHB Index - March565556
March 17
Housing Starts - February1.060M1.0651.053
Building Permits1.0651.0531.065
March 18
FOMC0.125%0.1250.125
March 19
Initial Unemployment Claims
Current Account - Q4-$104.5-100.3-101.2
Philadelphia Fed Suvery8.05.25.5
Leading Indicators - February0.2%0.20.3
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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