Here are my forecasts for upcoming economic data.

    Prior     Forecast Observation           Week of January 6       January 6       PMI Services 58.5 58.5           Factory Orders – November -0.4% 0.2   Durable Goods Orders  -1.1 0.3   Nondurable Goods Orders  0.3 0.1           January 7       International Trade – November -$77.4B -73.8           ISM Services – December 52.8 52.1   JOLTS – Nov 7.600M 7.744           January 8       ADP Employment – December 160K 146   Consumer Credit – November $13.0B 19.2           January 9       Wholesale Inventories – November -0.2% -0.2           January 10       Nonfarm Payrolls – December 185K 227   Private 160 194   Manufacturing 15 22   Unemployment 4.3% 4.3   Average Workweek 34.3HR 34.3   Average Hourly Earnings 0.3% 0.4           Michigan Consumer Sentiment – January (p) 74.0 74.0           Week of January 13       January 13       Treasury Budget – December -$30B -366.8           January 14       NFIB Small Business Confidence – December 99.0 101.7           Producer Price Index – December 0.3% 0.4   Core PPI (PPI ex Food, Energy, Trade Services) 0.3 0.2           January 15       Consumer Price Index – December 0.3% 0.3   Core CPI 0.3 0.3           NY Fed Manufacturing Index – January -2.0 0.2           January 16       Retail Sales – December 0.4% 0.3   Retail Sales, ex autos 0.4 0.2   Retail Sales, ex autos and gasoline 0.3 0.2           Philadelphia Fed Index 0.0 -16.4           Export Prices – December -0.2% 0.0   Import Prices_ December -0.2 0.1   Ex Petroleum -0.1 0.0           Business Inventories – November 0.3% 0.1   NAHB Index – January 46 46           January 17       Housing Starts – December 1.310M 1.289   Building Permits 1.462 1.505           Industrial Production – December 0.2% -0.1   Capacity Utilization 76.9 76.8   Manufacturing 0.2 0.2

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