Here are my forecasts for upcoming economic data. | |||
Forecast | Prior Observation | Consensus | |
Week of March 9 | |||
March 10 | |||
JOLTS - January | 5.065 | 5.028 | 5.075 |
NFIB Small Business Optimism Index - February | 99.0 | 97.9 | 99.0 |
Wholesale Inventories - January | -0.2% | 0.0 | 0.1 |
March 11 | |||
Treasury Budget - February | -$191.0B | -10.4 | -186.5 |
March 12 | |||
Initial Unemployment Claims | 295 | 313 | 309 |
Retail Sales - February | 0.3% | -0.8 | 0.3 |
Retail Sales, ex Autos | 0.4 | -0.9 | 0.5 |
Export Prices - February | -0.6% | -2.9 | -0.1 |
Import Prices | 0.1 | -2.8 | 0.2 |
Import Prices, Ex-Petroleum | -0.4 | -0.6 | |
Business Inventories - January | 0.0% | -0.3 | 0.1 |
March 13 | |||
Producer Price Index - February | 0.1% | -0.8 | 0.3 |
PPI Core | 0.1 | -0.3 | 0.1 |
Michigan Consumer Sentiment - March (p) | 96.0 | 95.4 | 96.0 |
Week of March 16 | |||
March 16 | |||
NY Fed Manufacturing Index | 9.0 | 7.78 | 7.25 |
Industrial Production - February | 0.3% | 0.3 | 0.3 |
Capacity Utilizaqtion | 79.6 | 79.4 | 79.5 |
Manufacturing Output | 0.2 | 0.2 | 0.3 |
NAHB Index - March | 56 | 55 | 56 |
March 17 | |||
Housing Starts - February | 1.060M | 1.065 | 1.053 |
Building Permits | 1.065 | 1.053 | 1.065 |
March 18 | |||
FOMC | 0.125% | 0.125 | 0.125 |
March 19 | |||
Initial Unemployment Claims | |||
Current Account - Q4 | -$104.5 | -100.3 | -101.2 |
Philadelphia Fed Suvery | 8.0 | 5.2 | 5.5 |
Leading Indicators - February | 0.2% | 0.2 | 0.3 |
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. | |||
Forecasts for the Weeks of March 9 and 16
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