Forecasts for the Weeks of March 16 and 23

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of March 16

March 16

NY Fed Manufacturing Index

8.0

7.78

7.0

Industrial Production - February

0.3%

0.3

0.3

Capacity Utilizaqtion

79.6

79.4

79.5

Manufacturing Output

0.2

0.2

0.1

NAHB Index - March

56

55

56

March 17

Housing Starts - February

1.055M

1.065

1.048

Building Permits

1.065

1.053

1.058

March 18

FOMC

0.125%

0.125

0.125

March 19

Initial Unemployment Claims

295K

289

293

Current Account - Q4

-$104.6B

-100.3

-105

Philadelphia Fed Suvery

7.5

5.2

7.0

Leading Indicators - February

0.2%

0.2

0.3

Week of March 23<= /p>

March 23

Chicago Fed National Activity Index

0.20

0.15

Existing Home Sales - February

5.010M

4.820

4.980

March 24

Consumer Price Index - February

0.1%

-0.3

0.2

CPI Core

0.1

0.1

0.1

FHFA Housing Price Index - January=

0.3%

0.8

PMI Flash Manufacturing Index

55.1

55.1

New Home Sales - February

480K

480K

480

Richmond Fed Manufacturing Index

2.0

0

March 25

Durable Good Orders - February

0.8%

2.8

0.4

March 26

PMI Services Flash Index

57.1

57.1

Kansas City Fed Manufacturing Index

March 27

GDP - Q4 (f)

2.4%

2.2

2.4

GDP Implicit Price Deflator

0.1

0.1

0.1

Michigan Consumer Sentiment (r)

91.2

91.2