Economic Data Forecasts For The Weeks Of February 1 And 8

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of February 1
February 1
PMI Manufacturing Index - January	59.1	59.1
ISM (Mfg) - January	60.2	60.7	60.0

Construction Spending - January	0.8%	0.9

February 2
Auto Sales - January	16.3M	16.3
Car Sales	3.7	3.7
Truck Sales	10.6	10.6
February 3
ADP Employment Survey - January	40K	-123	45
PMI Services Index - January	57.5	57.5
ISM Services - January	56.8	57.2	56.8

February 4
Initial Unemployment Claims	840K	847	830

Productivity - Q(4) - preliminary	-3.0%	4.6	-2.9
Unit Labor Cost	3.8	-6.6	3.6

Factory Orders - December	0.7%	1.0	0.7
Durable Goods Orders	0.2	1.0
Nondurable Goods Orders	1.2	1.1

February 5
Nonfarm Payrolls - January	20K	-140	50
Private	40	-95.0	40
Manufacturing	30	38	30
Unemployment	6.8%	6.7	6.7
Average Workweek	34.7	34.7	34.7
Average Hourly Earnings	0.4%	0.8	0.3

International Trade	-$65.8B	-68.1	-65.7
Consumer Credit - December	$12M	15.3	12.0

Week of February 8
February 9
NFIB Small Business Optimism Index - January	98.5	95.9
JOLTS - December	6.400K	6.527

February 10
Consumer Price Index - January	0.4%	0.4	0.3
Core CPI	0.2	0.1	0.2

Wholesale Inventories (f)	0.1%	0.1
Treasury Budget - January	-$625B	-143.6