Smith Faculty Opinion Article	July 6, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Forecasts for the Weeks of July 9 and July 16 (preliminary)

Forecast Previous - Week of July 9 Period

July 9
Consumer Credit - May $6.0b 2.6

July 10
Wholesale Inventories - May 0.4% 0.3

July 12
International Trade Bal - May -$61.5b -58.5
Initial Jobless Claims 315k 318

July 13
Retail Sales - June -0.2% 1.4
Retail Sales, ex autos - June 0.6% 1.3

Business Inventories - June 0.3% 0.4

Mich Cons Sentiment - July(p) 84.0 85.3

Week of July 16

July 17
PPI - June 0.0% 0.9
PPI Core - June 0.2% 0.2

Industrial Production - June 0.3% 0.0
Capacity Utilization _ June 81.5 81.3

Net Capital Inflows - May 62.0b 76.5

July 18
CPI - June 0.0% 0.7
CPI Core - June 0.1% 0.1
Housing Starts - June 1.480m 1.474
Real Earnings - June 0.6% -0.2

Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.

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