Economic Data Forecast For The Weeks Of December 19 And 26

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 19

December 19

PMI Services Flash Index

54.0

54.6

December 21

Existing Home Sales - November

5.520M

5.6

5.535

December 22

Durable Goods Orders - November

-4.0%

4.6

-4.0

GDP - Q3 (f)

3.3%

3.2

3.2

GDP Implicit Price Deflator

1.4

1.4

1.4

Initial Unemployment Claims

259K

254

256

Personal Income - November

0.3%

0.6

0.3

Chicago Fed National Activity Index - November

54.2

57.6

FHFA Housing Price Index  - Oct

0.5%

0.6

0.4

Leading Indicators - November

0.2%

0.1

0.2

December 23

New Home Sales - November

580K

563

580

Michigan Consumer Sentiment - December (r)

98.2

98.0

98.0

Week of December 26

December 27

S&P Case/Shiller Index - October

Twenty City M/M

0.1%

0.1

Twenty City M/M - SA

0.8

0.4

Twenty City Y/Y

5.1

5.1

Consumer Confidence

108.5

107.1

Richmond Fed Manufacturing Index

3.5

4.0

Dallas Fed Manufacturing Index

10.200

10.2

December 28

Pending Home Sale Index - November

110.5

110.0

December 29

International Trade in Goods - November

-$63.0B

-62.0

December 30

Chicago PMI

55.5

57.8