Economic Data Forecasts For The Weeks Of December 26 and January 2

My forecasts for upcoming economic data.

Here are my forecasts for upcoming economic data.

       

`

Forecast

Prior Observation

Consensus

 

Week of December 26

       

December 27

       

S&P Case/Shiller Index - October

       

Twenty City M/M

0.0%

0.1

   

Twenty City M/M - SA

0.7

0.4

0.5

 

Twenty City Y/Y

5.1

5.1

5.1

 
         

Consumer Confidence

108.5

107.1

108.5

 

Richmond Fed Manufacturing Index

3.5

4.0

   

Dallas Fed Manufacturing Index

11.0

10.2

   
         

December 28

       

Pending Home Sale Index - November

110.5

110.0

110.6

 
         

December 29

       

International Trade in Goods - November

-$61.8B

-62.0

-62.0

 

Initial Unemployment Claims

255K

275

262

 
         

December 30

       

Chicago PMI

56.4

57.8

57.0

 
         

Week of January 2

       

January 3

       

PMI Manufacturing Index - December

54.2(f)

54.2(p)

   
         

ISM (Mfg) - December

53.2

53.2

   

ISM Prices

55.5

54.5

   
         

Construction Spending - December

0.5%

0.5

   
         

January 4

       

Auto Sales* - December

18.0M

17.87

   

Car Sales

7.3

7.17

   

Truck Sales

10.7

10.70

   

*SAAR, as published by Motor Intelligence

       
         

January 5

       

Initial Unemployment Claims

       

ADP Employment - December

165K

216

   

PMI Services Index - December

53.4

53.4

   
         

ISM Services - December

56.6

57.2

   
         

January 6

       

Nonfarm Payrolls - December

175K

178

   

Private

165

156

   

Manufacturing

2

-4

   

Unemployment

4.7%

4.6

   

Average Workweek

34.4HR

34.4

   

Average Hourly Earnings

0.2%

-0.1

   
         

International Trade - November

-$42.0B

-42.6

   
         

Factory Orders - November

-2.2%

2.7

 

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