| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | Consensus | |
| Week of December 28 | |||
| December 28 | |||
| Dallas Fed Manufacturing Index | 12.0 | 12.0 | |
| December 29 | |||
| Twenty City M/M | 0.8% | 1.2 | |
| Twenty City M/M - SA | 0.6 | 1.3 | 1.0 |
| Twenty City Y/Y | 6.6 | 6.6 | 7.0 |
| Consumer Confidence | 97.5 | 96.1 | 97.0 |
| December 30 | |||
| International Trade in Goods - November | -$81.1B | 80.3 | |
| Wholesale Inventories (a) - November | 1.0% | 1.1 | |
| Pending Home Sale Index - November | 128.9 | 128.9 | 128.9 |
| Chicago PMI | 57.2 | 58.2 | 57.0 |
| December 31 | |||
| Initial Unemployment Claims | 830K | 803 | 835 |
| Week of January 4 | |||
| January 4 | |||
| Construction Spending - November | 0.8% | 1.3 | |
| January 5 | |||
| ISM (Mfg) - December | 56.5 | 57.5 | |
| Auto Sales - December | 16.1M | 15.6 | |
| Car Sales | 3.8 | 3.8 | |
| Truck Sales | 12.3 | 11.8 | |
| January 6 | |||
| Factory Orders - November | 0.6% | 1.0 | |
| Durable Goods Orders | 0.9 | 1.3 | |
| Nondurable Goods Orders | 0.3 | 0.7 | |
| January 7 | |||
| International Trade - November | -$63.7B | -63.1 | |
| ISM Services - December | 55.4 | 55.9 | |
| January 8 | |||
| Nonfarm Payrolls - December | 110K | 245 | |
| Private | 140 | 344 | |
| Manufacturing | 30 | 27 | |
| Unemployment | 6.8% | 6.7 | |
| Average Workweek | 34.8 | 34.8 | |
| Average Hourly Earnings | 0.2 | 0.3 | |
| Consumer Credit - November | $10.0B | 7.2 |
Economic Data Forecasts For The Weeks Of Dec. 28 And Jan. 4
My expectations for upcoming data releases, including Wholesale Inventories, Unemployment, Durable Goods, International Trade.
Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster award. Follow him on Twitter @PMorici1.




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