Economic Data And Forecasts For The Weeks Of December 24 And 31

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 24

December 24

Chicago Fed National Activity Index - November

0.19

0.24

0.19

December 26

S&P Case/Shiller Index - October

Twenty City M/M

0.0%

0.0

0.1

Twenty City M/M - SA

0.4

0.3

0.4

Twenty City Y/Y

4.9

5.1

5.0

Richmond Fed Manufacturing Index

14

14

14

December 27

Initial Unemployment Claims

214K

214

217

FHFA Housing Price Index - Oct

0.1%

0.2

0.2

New Home Sales - November

555M

544.0

560

Consumer Confidence

135.0

135.7

134.0

December 28

International Trade in Goods - November

-73.3

-77.2

-75.7

Wholesale Inventories (a) - November

0.3%

0.8

0.3

Pending Home Sale Index - November

103.0

102.1

103.6

Week of December 31

December 31

Chicago PMI

62.0

66.4

Dallas Fed Manufacturing Index

17.6

17.6

January 2

PMI Manufacturing Index - December

53.9

53.9

ADP Employment - December

175

227

January 3

Initial Unemployment Claims

ISM (Mfg) - December

58.3

59.3

Construction Spending - December

0.3%

-0.1

Auto Sales* - December

17.3M

17.4

Car Sales

5.2

5.2

Truck Sales

12.1

12.2

*SAAR, as published by Motor Intelligence

January 4

PMI Services Index - December

53.4

53.4

Nonfarm Payrolls - December

180K

155

Private

175

161

Manufacturing

23

27

Unemployment

3.7%

3.7

Average Workweek

34.5HR

34.4

Average Hourly Earnings

0.3%

0.2

*Core Private equals Private less Medical, Social Assistance, and Temp Services