| Here are my forecasts for upcoming economic data. |
| Forecast | Prior Observation |
| Week of December 15 |
| December 15 |
| NY Fed Manufacturing Index | 12.0 | 10.16 | 12.0 |
|
| Industrial Production - November | 0.7% | -0.1 | 0.7 |
| Capacity Utilization | 79.4 | 78.9 | 79.4 |
| Manufacturing | 0.2 |
|
| NAHB Index | 58 | 58 | 59 |
|
| December 16 |
| Housing Starts - November | 1.030M | 1.009 | 1.038 |
| Building Permits | 1.040 | 1.092 | 1.08 |
| PMI Services Flash Index | 54.7 | 54.7 | 55.5 |
|
| December 17 |
| Consumer Price Index - November | -0.1% | 0.0 | -0.1 |
| Core CPI | 0.1 | 0.2 | 0.1 |
| Energy |
|
| Current Account - Q3 | -$95.0 | -98.5 | -96.3 |
| FMOC |
|
| December 18 |
| Initial Unemployment Claims | 295K | 295 | 295 |
| PMI Services Flash Index | 56.3 | 56.3 | 57.3 |
|
| Philadelphia Fed Survey | 22.0 | 40.8 | 25.0 |
| Leading Indicators - Nobember | 0.4% | 0.9 | 0.6 |
|
| Week of December 22 |
| December 22 | 5.260M | 5.260 | 5.25 |
| Existing Home Sales - November |
| Chicago Fed National Activity Index - November | 0.25 | 0.14 |
|
| December 23 |
| Durable Goods Sales - November | 1.1% | 0.3 | 1.3 |
|
| GDP - Q3 (f) | 4.0% | 3.9 | 4.0 |
| GDP Implicit Price Deflator | 1.4 | 1.4 | 1.4 |
|
| Personal Income - November | 0.6% | 0.2 | 0.5 |
| Personal Spending | 0.5 | 0.2 | 0.5 |
| PCE Price Index | -0.1 | 0.1 |
| Core PCE Price Index | 0.1 | 0.2 |
|
| FHFA Housing Price Index- Oct | 0.3% | 0.0 |
| Michigan Consumer Sentiment - December (r) | 93.0 | 93.8 |
| New Home Sales - November | 458K | 458 | 472 |
| Richmond Fed Manufacturing Index | 6 | 4 | 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. |
