|
Smith
Faculty Opinion Article
|
May 7,
2007
|
|
By Dr. Peter Morici, Professor
of International Business
E-MAIL
WEB SITE
|
 |
Forecasts for the
weeks of May 7 and 14
Week of May 7
May 7
Consumer Credit - Mar $5.5b 3.0
May 8
Wholesale Inventories - Mar 0.3%
0.5
May 10
Import Prices 0.9% 1.7
Export Prices 0.4% 0.7
Internatonal Trade - Mar -$61.5b
-58.4
Federal Budget - April $127.50
$118.8
Initial Jobless Claims 322k 305
Continuing Claims 2.50m 2.59
May 11
Producer Prices - Apr 0.6% 1.0
Core PPI - Apr 0.2% 0.0
Retail Sales - Apr 0.5% 0.7
Retail Sales, Ex Autos -Apr 0.6% 0.8
Business Inventories - Mar 0.4%
0.3
Week of May 14
May 15
Consumer Prices - Apr 0.6% 0.1
Core CPI - Apr 0.2% 0.6
Real Earnings - Apr -0.7% 0.1
May 15
Net Capital Inflows - Mar $74.3b
58.1
For. Treasury Purchases - Mar $21.7
17.0 NAHB Index - Apr 36 33
May 16
Housing Starts - Apr 1.500m
1.518
Building Permits - Apr 1.550m 1.544
Industrial Output - Apr 0.4% -0.2
Capacity Utilization - Apr 81.7%
81.4
May 17
Initial Jobless Claims ___k ___
Continuing Claims 2.__m 2.__
May 18
Mich Cons Sentiment - May(p)
87.9 87.1
Mich Cur Conditions - May(p) 105.0
104.6 Mich Expectations-May(p) 75.9
77.0
Peter Morici is a professor at the
University of Maryland School of
Business and former Chief Economist at
the U.S. International Trade Commission.
