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OPINION

Forecasts for the Weeks of March 16 and 23

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.





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








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