Economic Data Forecasts For The Weeks Of December 5 And 12

What I expect for upcoming data releases, including JOLTS, factory orders, ADP, Consumer credit and nonfarm payrolls.

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of December 4      
December 4      
Factory Orders - October -2.5% 2.8 -2.6
Durable Goods Orders  -5.4 4.6  
Nondurable Goods Orders  0.5 1.0  
       
December 5      
PMI Services Index - November 50.8 50.8  
ISM Services - November 51.8 51.8 52.0
JOLTS-October 9.400M 9.533 9.350
       
December 6      
ADP Employment Report - November 130K 113 128
International Trade - October -$64.3B -61.5 -64.1
       
Productivity - Q3 (r) 5.0% 4.7 4.9
Unit Labor Costs -0.8 -0.8 -0.9
       
December 7      
Initial Unemployment Claims 220K 218 223
       
Wholesale Inventories - October (p) -0.2% -0.2 0.2
Wholesale Sales      
       
Consumer Credit - October $9.0B 9.0 9.0
       
December 8      
Nonfarm Payrolls - November 150K 150 180
Private 130 99 155
Manufacturing 35 -35 25
Unemployment 3.9% 3.9 3.9
Average Workweek 34.3HR 34.3 34.3
Average Hourly Earnings 0.3% 0.2 0.3
       
Michigan Consumer Sentiment - Dec (p) 61.8 61.3 62.0
       
Week of December 11      
December 12      
NFIB Small Business Optimism Index -November 90.7 90.7  
       
Consumer Price Index - November 0.0% 0.0 0.1
Core CPI 0.2 0.2 0.2
Treasury Budget - November -$219.0B -66.6  
       
December 13      
Producer Price Index - November 0.1% -0.5  
PPI less food, energy and trade services 0.3 0.1  
       
FMOC 5.375% 5.375  
       
December 14      
Retail Sales - November 0.0% -0.1  
Retail Sales, ex Autos -0.2 0.1  
Retail Sales, ex Autos and Gas 0.0 0.1  
       
Export Prices -  November -1.0% -1.1  
Import Prices 1.0 -0.8  
       
Business Inventories - October 0.0% 0.4  
       
December 15      
NY Fed Manufacturing Index 5.0 9.1  
       
Industrial Production - November 0.3% -0.3  
Capacity Utilization 79.1 79.4  
Manufacturing 0.4 -0.3  
       
PMI Manufacturing Flash Index 49.4 49.4  
       

More By This Author:

Economic Data Forecasts For The Weeks Of November 20 & 27
Economic Data Forecasts For The Weeks Of Nov. 6 & 13
Economic Data Forecasts For The Weeks Of Oct. 30 & Nov. 6

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