Economic Data Forecasts For The Week Of Sept. 28: Jobs, PCE, ISM And More

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of September 28

Dallas Fed Manufacturing Index

7.2

11.6

September 29

S&P Case/Shiller Index - July

Twenty City M/M

-0.2%

0.4

Twenty City M/M - SA

0.2

0.2

Twenty City Y/Y

2.2

2.1

FHFA Home Price Index - July

0.1%

0.0

Consumer Confidence - September

89.4

89.4

JOLTS - August

7.225K

7.271

September 30

ADP Employment Report - September 

85K

38

GDP - Q2 (f)

1.5%

1.5

GDP Implicit Price Deflator

6.4

6.4

PCE

3.4

3.4

PCE Deflator

5.3

5.3

PCE Core Deflator

3.6

3.6

Personal Income - August

0.3%

0.4

Personal Spending

0.8

0.2

PCE Price Index

0.3

0.2

Core PCE Price Index

0.3

0.2

Real Personal Spending

International Trade in Goods - August (a)*

-$120.5B

-118.3

Wholesale Inventories - August (a)

0.2%

1.3

Chicago PMI - September

49.8

47.1

October 1

Initial Unemployment Claims

200K

197

PMI Manufacturing Index

57.0

57.0

ISM (Mfg) - Sept

54.2

54.6

ISM Prices

70.0

71.1

Construction Spending - August

0.1%

0.5

October 2

Auto Sales* - September

16.90M

16.76

Car Sales

2.70

2.76

Truck Sales

14.20

14.03

Nonfarm Payrolls - September

110K

162

Private

85

127

Manufacturing

10

16

Unemployment

4.2%

4.1

Average Workweek

34.3HR

34.4

Average Hourly Earnings

0.3%

0.3

Factory Orders - August

0.0%

0.9

Durable Goods Orders 

0.0

1.1

Nondurable Goods Orders 

0.0

0.7