Economic Data Forecasts For The Weeks Of November 4 And 7

Here are my forecasts for upcoming economic data.         Forecast Prior       Observation   Week of November 4       November 4       Factory Orders – September -0.3% -0.2   Durable Goods Orders  -0.8 0.0   Nondurable Goods Orders  0.2 -0.5           November 5       International Trade – September -$85.3B -70.4   ISM Services – October 53.6 54.9           November 7       Initial Unemployment Claims 225K 216           Productivity – Q3 (p) 2.3% 2.5   Unit Labor Costs 0.5 0.4           Wholesale Inventories – September -0.1% 0.1   Wholesale Sales               FMOC 4.625% 4.875   Consumer Credit – September $10.0B 8.9           November 8       Michigan Consumer Sentiment Index (p) 70.9 70.5           Week of November 11       November 12       NFIB Small Business Optimism Index – October 91.5 91.5           November 13       Consumer Price Index – October 0.2% 0.2   Core CPI 0.3 0.3   Energy               Treasury Budget – October -$265.0B -64.3           November 14       Producer Price Index – October 0.20% 0.0   PPI less food, energy and trade services 0.3 0.2           November 15       Retail Sales – October 0.3% 0.4   Retail Sales, ex Autos 0.3 0.5   Retail Sales, ex Autos and Gas 0.4 0.7   Retail Sales, Autos               NY Fed Manufacturing Index 0.0 -11.9           Export Prices –  October 0.0% -0.7   Import Prices -0.1 -0.4   Import Prices, ex-Energy -0.2 0.2   Import Prices, Energy               Industrial Production – October -0.2% -0.3   Capacity Utilization 77.3 77.5   Manufacturing -0.3 -0.4           Business Inventories – September 0.1% 0.3

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