Economic Data Forecasts For The Weeks Of December 20 And 27

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 20

December 20

Leading Indicators - November

0.7%

0.9

0.9

December 21

Current Account - Q3

-$203.5B

-190.3

-204.8

December 22

GDP - Q3 (f)

2.1%

2.1

2.1

Chicago Fed National Activity Index - November

0.35

0.76

Existing Home Sales - November

6.38M

6.340

6.50

Consumer Confidence

109.5

109.5

110.2

December 23

Initial Unemployment Claims

200K

206

205

Durable Goods Orders - November

2.2%

-0.4

1.5

Personal Income - November

0.6%

0.5

0.4

Personal Spending

0.6

1.3

0.6

New Home Sales - November 

760K

745

770

Michigan Consumer Sentiment - December (r)

70.4

70.4

70.4

Week of December 27

December 27

Dallas Fed Manufacturing Index

15.0

11.8

December 28

S&P Case/Shiller Index - October

Twenty City M/M

1.0%

0.8

1.0

Twenty City M/M - SA

1.1

1.0

Twenty City Y/Y

18.6

19.1

18.6

FHFA Housing Price Index  - Oct

Richmond Fed Manufacturing Index

11

11

December 29

International Trade in Goods - November

-86.0

-82.9

Wholesale Inventories (a) - November

2.3%

2.3

Pending Home Sale Index - November

123.0

125.2

December 30

Chicago PMI

64.0

61.8

62.0