Here are my forecasts for upcoming economic data.
Forecast
Prior Observation
Consensus
Week of November 5
November 5
PMI Services Index
54.7
54.7
54.7
ISM Services – October
59.7
61.6
59.4
ISM Prices
ISM Business Activity
November 6
JOLTS – September
7.120M
7.136
7.100
November 7
Consumer Credit – September
$17.0B
20.1
16.5
November 8
Initial Unemployment Claims
214K
214.0
213
FMOC
2.125%
2.125
2.125
November 9
Producer Price Index – October
0.3%
0.2
0.2
PPI less food, energy and trade services
0.2
0.4
0.2
Wholesale Inventories – September
0.3%
0.3
0.3
Michigan Consumer Sentiment Index (p)
98.5
98.6
98.0
Week of November 12
November 13
NFIB
108.0
107.9
Treasury Budget – October
-120.0B
119.1
November 14
Consumer Price Index – October
0.3%
0.1
Core CPI
0.2
0.1
November 15
Philadelphia Fed Survey
20.0
22.2
Retail Sales – October
0.6%
0.1
Retail Sales, ex Autos
0.5
-0.1
NY Fed Manufacturing Index
20.7
21.1
Export Prices – October
0.0%
0.0
Import Prices
0.0
0.5
Business Inventories – August
0.3%
0.5
November 16
Industrial Production – October
0.3%
0.3
Capacity Utilization
78.3
78.1
Manufacturing
0.3
0.2
