Economic Data Forecasts For The Weeks Of August 31 And September 7

Here are my forecasts for upcoming economic data including such important releases as August CPI, July JOLTS and August Nonfram payrolls. .

 Here are my forecasts for upcoming economic data.

 

     
 

Forecast

Prior Observation

Consensus

 

Week of August 31

       

August 31

       

Chicago PMI

51.9

51.9

   

Dallas Fed Manufacturing Index

0.0

-3.0

   
         

September 1

       

PMI Manufacturing Index - August

53.6

53.6

   

ISM (Mfg) - August

54.8

54.2

54.5

 

Construction Spending - July

0.8%

-0.7

1.0

 
         

Auto Sales* - August

14.8

14.5

   

Car Sales

3.6

3.5

   

Truck Sales

11.2

11.0

   
         

September 2

       

ADP Employment Report - August

1000K

167

900

 
         

Factory Orders - July

7.0%

6.2

6.0

 

Durable Goods Orders

11.2

7.6

   

Nondurable Goods Orders

3.8

5.0

   
         

September 3

       

Initial Unemployment Claims

1000K

1006.0

980

 

International Trade - July

-$59.8B

-50.7

-52.7

 
         

Productivity - Q2 (r)

7.3%

7.3

7.4

 

Unit Labor Costs

12.2

12.2

12.1

 
         

PMI Services Index - August

54.8

54.8

   

ISM Services - August

57.5

58.1

57.0

 
         

September 4

       

Nonfarm Payrolls - August

1550K

1763

1400

 

Private

1400

1462

1250

 

Manufacturing

100

26

50

 

Unemployment

10.1%

10.2

9.8

 

Average Workweek

34.5HR

34.5

34.5

 

Average Hourly Earnings

-0.4%

0.2

0.0

 
         

Week of September 7

       

September 8

       

NFIB Small Business Optimism Index - August

98.8

98.8

   

Consumer Credit - July

$14.0B

8.9

   
         

September 9

       

JOLTS - July

6.000M

5.889

   
         

September 10

       

Producer Price Index - August

0.3%

0.6

   

PPI Core (less food, energy and trade services)

0.2

0.3

   
         

Wholesale Inventories - July

-0.1%

-0.1

   
         

September 11

       

Consumer Price Index - August

0.3%

0.6

   

Core CPI

0.2

0.6

   
         

Treasury Budget - August

-$380.0

-63.0

 

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