|
Smith Faculty
Opinion Article |
March 12, 2007 |
|
By Dr. Peter Morici, Professor of
International Business
E-MAIL
WEB SITE |
 |
Week Ahead: Economic
Forecasts for Week of March 12
Here are my forecasts for upcoming
economic data.
|
Forecast |
Prior |
|
| March 12 |
| Federal Budget Deficit - Feb |
-$118.0 billion |
-119.2 billion |
|
| March 13 |
| Retail Sales - Feb |
0.3% |
0.0% |
| Ex Autos |
0.4% |
0.3% |
| Business Inventories - Jan |
0.1% |
0.0% |
|
| March 14 |
| Current Account - Q4 |
-$205.0 billion |
-$225.6 billion |
|
| March 15 |
| Producer Prices |
0.4% |
-0.6% |
| Ex Energy, Food |
0.2% |
0.2% |
| Initial Jobless Claims |
330,000 |
328,000 |
|
| March 16 |
| Consumer Prices- Feb |
0.4% |
0.2% |
| Ex Energy, Food |
0.2% |
0.3 |
| Real Earnings -Feb |
-0.1% |
-0.3 |
| Industrial Production |
0.2% |
-0.5% |
| Capacity Utilization |
81.3% |
81.2 |
|
| Week of March 19 |
| Housing Starts |
1.350 million |
|
| Building Permits |
1.550 million |
|
| Existing Home Sales |
6.470 million |
|
Peter Morici is a professor at the
University of Maryland School of Business
and former Chief Economist at the U.S.
International Trade Commission.
