Economic Data Forecast For The Week Of Aug. 3

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of August 3

August 3

PMI Manufacturing Index - July

53.8

53.8

ISM (Mfg) - July

52.8

53.3

Construction Spending - June

0.3%

0.1

August 4

Auto Sales - July

16.6M

16.1

Car Sales

2.7

Truck Sales

13.4

International Trade - June

-$75.1

-77.6

Factory Orders - June

0.3%

-1.3

Durable Goods Orders 

0.3

-4.5

Nondurable Goods Orders 

0.3

2.5

JOLTS - June

7.4M

7.6

August 5

ADP Employment Report - July

100K

98

PMI Services Index

53.6

53.6

ISM Services - July

54.0

54.0

August 6

Productivity - Q2 (p)

1.2%

0.3

Unit Labor Costs

1.9

1.8

Wholesale Inventories

0.3%

0.3

August 7

Nonfarm Payrolls - July

115K

57

Private

95

49

Manufacturing

4

3.0

Unemployment

4.3%

4.2

Average Workweek

34.2

34.3

Average Hourly Earnings

0.3

0.3

Consumer Credit - June

$12.0B

-0.2