Economic Data Forecasts For The Weeks Of December 23 And 30

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of December 23

December 23

Chicago Fed National Activity Index - November

-0.31

-0.71

New Home Sales - November

725K

733

735

December 24

Durable Goods Orders - November

2.5%

0.5

1.5

Richmond Fed Manufacturing Index

1.0

-1.0

December 26

Initial Unemployment Claims

219K

234

220

Week of December 30

December 30

International Trade in Goods - November

-$69.5

-66.5

Wholesale Inventories (a) - November

0.2%

0.1

Pending Home Sale Index - November

107.6

106.7

Dallas Fed Manufacturing Index

0.0

-1.3

December 31

FHFA Housing Price Index - Oct

0.4%

0.6

S&P Case/Shiller Index - October

Twenty City M/M

0.0%

0.1

Twenty City M/M - SA

0.4

0.4

Twenty City Y/Y

2.1

2.1

Chicago PMI

48.0

46.3

Consumer Confidence

127.0

125.8

January 2

PMI Manufacturing Index - December

52.5

52.5

January 3

Auto Sales* - December

17.2M

17.1

Car Sales

4.6

4.5

Truck Sales

12.6

12.6

ISM (Mfg) - December

49.5

48.1

Construction Spending - November

0.4%

-0.8