Economic Data Forecast For The Weeks Of Dec. 30 And Jan. 6

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 30

December 30

Chicago PMI

48.0

46.3

48.0

International Trade in Goods - November

-$69.5

-66.5

Wholesale Inventories (a) - November

0.2%

0.1

Pending Home Sale Index - November

107.6

106.7

108.8

Dallas Fed Manufacturing Index

0.0

-1.3

December 31

FHFA Housing Price Index - Oct

0.4%

0.6

S&P Case/Shiller Index - October

Twenty City M/M

0.0%

0.1

0.1

Twenty City M/M - SA

0.4

0.4

0.4

Twenty City Y/Y

2.1

2.1

2.2

Consumer Confidence

127.0

125.8

128.2

January 2

Initial Unemployment Claims

225K

222

227

PMI Manufacturing Index - December

52.5

52.5

January 3

Auto Sales* - December

17.2M

17.1

Car Sales

4.6

4.5

Truck Sales

12.6

12.6

ISM (Mfg) - December

49.0

48.1

49.0

Construction Spending - November

0.3%

-0.8

0.3

Week of January 6

January 6

PMI Services Index - December

52.2

52.2

January 7

International Trade - November

-$50.0B

-47.2

Factory Orders - November

-1.8%

0.3

Durable Goods Orders

-2.0

-2.0

Nondurable Goods Orders

0.3

0.0

ISM Services - December

54.5

53.9

ADP Employment - December

165K

67

Consumer Credit - November

$17.0B

18.9

January 10

Nonfarm Payrolls - December

185K

266

Private

175

254

Manufacturing

12

48

Unemployment

3.5%

3.5

Average Workweek

34.4HR

34.4

Average Hourly Earnings

0.2%

0.2

Wholesale Inventories - November

0.2%

0.1