Economic Data Forecasts For The Weeks Of August 2 And 9

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of August 2
August 2
PMI Manufacturing Index - July	63.1	63.1
ISM (Mfg) - July	61.0	60.6	60.9

Construction Spending - June	0.3%	-0.3	0.4

August 3
Auto Sales - July	15.6%	15.4
Car Sales	3.5	3.5
Truck Sales	12.1	11.8

Factory Orders - June	1.7%	1.7	1.7
Durable Goods Orders	0.8	2.3
Nondurable Goods Orders	0.5	1.0

August 4
ADP Employment Report - July	690K	692	700
PMI Services Index	59.8	59.8

ISM Services - July	60.6	60.1	60.4

August 5
Initial Unemployment Claims	390K	400	380
International Trade - June	-$73.5	-71.2	-79.3

August 6
Nonfarm Payrolls - July	700K	850	900
Private	620	662	750
Manufacturing	35	15	30
Unemployment	5.7%	5.9	5.7
Average Workweek	34.8HR	34.7
Average Hourly Earnings	0.3%	0.3	0.3

Wholesale Inventories - June	0.8%	0.8	0.8

Consumer Credit - June	$21.0B	35.3	22.50

Week of August 9
August 9
JOLTS - June	9.300M	9.209

August 10
NFIB Small Business Optimism Index - July	104.0	102.5

Productivity - Q2 (p)	3.4%	5.4
Unit Labor Costs	0.9	1.7

August 11
Consumer Price Index - July	0.5%	0.9
CPI Core	0.5	0.9

Treasury Budget - July	-$255.0B	-174.2

August 12
Producer Price Index - July	0.4%	1.0
PPI less food energy and trade services	0.4	0.5

August 13
Export Prices - July	0.7%	1.2
Import Prices	0.6	1.0
Import Prices, ex-Petroleum		0.7

Michigan Consumer Sentiment (p)	81.2	81.2