Economic Data And Forecasts For The Weeks of Dec. 31 And Jan. 7

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 31

December 31

Chicago PMI

62.0

66.4

62.4

Dallas Fed Manufacturing Index

17.6

17.6

17.0

January 2

PMI Manufacturing Index - December

53.9

53.9

53.9

ADP Employment - December

175

227

175

January 3

Initial Unemployment Claims

215K

217

213

ISM (Mfg) - December

58.3

59.3

58.0

ISM Prices

Construction Spending - December

0.3%

-0.1

0.3

Auto Sales* - December

17.3M

17.4

17.2

Car Sales

5.2

5.2

Truck Sales

12.1

12.2

January 4

PMI Services Index - December

53.4

53.4

53.4

Nonfarm Payrolls - December

180K

155

180

Private

175

161

175

Manufacturing

18

27

17

Unemployment

3.7%

3.7

3.7

Average Workweek

34.5HR

34.4

34.5

Average Hourly Earnings

0.3%

0.2

0.3

Week of January 7

January 7

Factory Orders - November

0.5%

-2.1

0.8

Durable Goods Orders

0.8

-4.3

Nondurable Goods Orders

0.3

0.3

ISM Services - December

60.3

60.7

60.0

January 8

NFIB Small Business Optimism Index - Dec

102.0

104.8

International Trade - November

-$51.8

-55.5

-52.5

JOLTS - November

7.079

Consumer Credit - November

$20.0B

25.4

19.6

January 11

Consumer Price Index - December

0.0%

0.0

0.0

Core CPI

0.2

0.2

0.2

Treasury Budget - December

$0.0b

-204.9