Smith Faculty Opinion Article

September 10, 2007

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

Forecast

Forecast Previous Period
Week of September 10

September 10
Consumer Credit - July $11.0b 13.1b

September 11
Trade Balance - July -$59.4b -58.1

September 13
Initial Jobless Claims 323k 318

Treasury Budget - Aug -75.0b -36.3

September 14
Current Account - Q2 -$191.7 -192.6

Export Prices - August 0.2% 0.2
Export Prices, ex agriculture 0.2% 0.0

Import Prices - August -0.8% 1.5
Import Prices, ex petroleum 0.1 0.2

Retail Sales - August 0.5% 0.3
Retail Sales (ex autos) 0.3 0.4

Business Inventories -July 0.4% 0.4

Industrial Production - August 0.3% 0.3
Capacity Utilization 82.1 81.9

Mich Cons Sentiment - Sep (p) 84.0 83.4

Week of September 17

September 18
PPI - August -0.3% 0.6
Core PPI 0.2 0.1

Net Capital Inflows - June $90b 120.9

NAHBI 19 22

FOMC Policy Statement

September 19
CPI - August -0.1% 0.1
Core CPI 0.2 0.2

Housing Starts - August 1.325m 1.381
Building Permits - August 1.325m 1.373

September 20
Leading Indicators - August 0.1% 0.4

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