Smith Faculty Opinion Article	August 3, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Upcoming Economic Data Forecast

Forecast Previous

August 3
Non-farm Payrolls - July 130k 132
Unemployment Rate - July 4.5% 4.5
Ave. Hourly Earnings - July 0.3% 0.3
Ave. Work Week - July 33.8 33.9

ISM Services - July 59.0 60.7
ISM Services - Prices 63.0 65.5

Week of August 6

August 7
Productivity (p) - Q2 1.7% 1.0
Unit Labor Cost 1.5 1.8

Consumer Credit - Jun $8.0b 12.9
Federal Funds Target 5.25 5.25

August 8
Wholesale Inventories - Jun 0.3% 0.5
Wholesale Sales 0.8 1.3

August 9
Initial Jobless Claims 305k 307

August 10
Export Prices - July 0.3% 0.3
Export Prices, ex agriculture 0.1

Import Prices - July 1.4% 1.0
Import Prices, ex petroleum 0.2 0.2

Treasury Budget - July $-36.0 -33.2

Week of August 13

August 13
Retail Sales - July 0.5 -0.9
Retail Sales (ex autos) 0.6 -0.4

Business Inventories -Jun 0.2% 0.5

August 14
PPI - July 0.3% -0.2
Core PPI 0.2% 0.3

Trade Balance - June $61.0b -60.0

CPI - July 0.4% 0.2
Core CPI 0.2% 0.2

August 15
Net Capital Inflows - June $80.0b 126.1

Industrial Production - July 0.3% 0.5
Capacity Utilization 81.9 81.7

NAHB Index 27 24

August 16
Housing Starts - July 1.400m 1.467
Building Permits 1.410m 1.406

August 17
Mich Cons Sentiment - Aug (p) 91.0 90.4

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