Economic Data Forecast For The Weeks Of May 4 And 11

Here are my forecasts for upcoming economic data

Forecast

Prior Observation

Week of May 4

May 4

Auto Sales* - April

16.2M

16.3

Factory Orders - March

0.6%

0.0

Durable Goods Orders 

0.8

-1.3

Nondurable Goods Orders 

0.4

1.5

May 5

International Trade  - March

-$60.0B

57.3

New Home Sales - February

600K

587.0

New Home Sales - March

625K

PMI Services Index

51.3

51.3

ISM Services - April

55.0

54.0

JOLTS - March

7.000M

6.882

May 6

ADP Employment Report - April

40K

62

May 7

Initial Unemployment Claims

215K

Productivity - Q1 (p)

1.8%

1.8

Construction Spending - February

0.3%

-0.3

Construction Spending - March

0.3

Consumer Credit - March

$10.0B

9.5

May 8

Nonfarm Payrolls - April

50K

178.0

Private

40

186.0

Manufacturing

5

15.0

Unemployment

4.3%

4.3

Average Workweek

34.2HR

34.2

Average Hourly Earnings

0.3%

0.2

Michigan Consumer Sentiment - May (p)

50.2

49.8

Year Ahead Inflation

4.7%

4.7

Wholesale Inventories - March

1.4%

1.4

Week of May 11

May 11

Existing Home Sales - April

4.050M

3.980

May 12

NFIB Small Business Optumism - April

97.3

95.8

Consumer Price Index - April

0.4%

0.9

Core CPI

0.3

0,2

Treasury Budget - April 

-$180.0B

-164.0

May 13

Producer Price Index - April

0.4%

0.5

PPI less food, energy and trade services

0.3

0.2