Economic Data Forecasts For The Week Of June 1

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of June 1

June 1

PMI Manufacturing Index - May

55.0

54.5

ISM (Mfg) - May

53.2

52.7

Construction Spending - April

0.4%

0.6

June 2

Auto Sales - May

16.1m

15.9

Car Sales

2.6

2.6

Truck Sales

13.5

13.3

JOLTS - April

6.866M

6.866

June 3

ADP Employment Report

65K

109

ISM Services - May

54.5

53.6

June 4

Productivity - Q1 (r)

0.8%

0.8

Unit Labor Costs

2.3

2.3

June 5

Nonfarm Payrolls - May

65K

115

Private

75

123

Manufacturing

-2.0

2.0

Unemployment

4.4%

4.3

Average Workweek

34.3HR

34.3

Average Hourly Earnings

0.2%

0.2

Consumer Credit - April

$18.0B

24.8