By Peter Morici — professor emeritus at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and seven-time winner of the MarketWatch best forecaster award in competition with 41 other top economists. (See his economic analysis.)

Here are my forecasts for upcoming economic data.
Forecast Prior Observation Consensus
Week of August 5
August 5
PMI Services Index     52.2            52.2        52.2
ISM Services – July     55.6            55.1        55.5
August 6
JOLTS – June     7.325M            7.372        7.293
August 7
Consumer Credit – June     16.4B            17.1        16.3
August 8
Initial Unemployment Claims     215K            215        215
Wholesale Inventories – June     0.2%            0.2        0.2
August 9
Producer Price Index – July     0.2%            0.1        0.2
PPI less food energy and trade services     0.2            0.3        0.2
Week of August 12
August 12
Treasury Budget – July     -$97B            -8.5
August 13
NFIB Small Business Optimisim Index – July     104.5            103.3
Consumer Price Index – July     0.2%            0.1
CPI Core     0.2            0.3
August 14
Export Prices – July     -0.1%            -0.7
Import Prices     0.0            -0.9
Import Prices, ex-Petroleum     -0.1            -0.4
August 15
Initial Unemployment Claims
Philadelphia Fed Survey     11.1            21.8
Retail Sales – July     0.4%            0.4
Retail Sales, ex Autos     0.5            0.4
Retail Sales, ex Autos and Gas     0.5            0.7
New York Fed Manufacturing Index     4.6            4.3
Productivity – Q2 (p)     1.1%            3.4
Unit Labor Costs     2.7            -1.6
Industrial Production – July     0.4%            0.0
Capacity Utilization     78.2            77.9
Business Inventories – June     0.2%            0.3
NAHB Index     65            65
August 16
Housing Starts – July     1.259            1.253
Building Permits     1.265            1.220
Michigan Consumer Sentiment (p)     98.4            98.4