Smith Faculty Opinion Article

August 9, 2007

By Dr. Peter Morici, Professor of International Business
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Peter Morici

Upcoming Economic Data Forecast

Forecast Previous Period

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

Real Earnings -0.1% 0.5
NAHB Index 26 24

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

Initial Jobless Claims 305k 316

August 17
Mich Cons Sentiment - Aug (p) 89.5 90.4

Week of August 20

August 23
Leading Indicators 0.3% -0.3

August 24
Durable Goods Orders - July 1.0% 1.4
New Home Sales - July 0.838m 0.832

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