Economic Data Forecasts For The Weeks Of February 24 and March 2.

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of February 24

February 24

Chicago Fed National Activity Index

-0.20

-0.35

Dallas Fed Manufacturing Index

0.0

-0.2

February 25

S&P Case/Shiller Index - December

Twenty City M/M

0.0%

0.1

Twenty City M/M - SA

0.5

0.5

0.5

Twenty City Y/Y

2.8

2.6

2.8

FHFA Housing Market Index - December

0.4%

0.2

Consumer Confidence Index - February

132.5

131.6

132.0

Richmond Fed Manufacturing Index

5

20

February 26

New Home Sales - Jan

705K

694

715

February 27

Initial Unemployment Claims

208K

210

211.0

Durable Goods Orders - January

-1.2

2.4

-1.5

GDP - Q4 (p)

2.1

2.1

2.1

Pending Home Sales - January

106.0

103.2

106.2

February 28

International Trade in Goods - January (a)

-67.9

-68.3

Wholesale Inventories (a) - January

-0.1%

-0.2

Personal Income - January

0.3%

0.2

0.3

Personal Spending

0.3

0.3

0.3

Chicago PMI - February

47

42.9

45.8

Michigan Consumer Sentiment - February (r)

100.9

100.9

1009.9

Week of March 2

March 2

PMI Manufacturing Index - February

50.8

50.8

ISM (Mfg) - February

50.2

50.9

Construction Spending - December

0.3%

-0.2

March 3

Auto Sales* - February

16.8M

16.8

Car Sales

4.4

4.6

Truck Sales

12.4

12.2

March 4

PMI Services Index - February

49.4

49.4

ISM Services Index

55.5

55.5

March 5

Productivity - Q(4) - r

1.4%

1.4

Unit Labor Cost

1.4

1.4

Factory Orders - January

-0.3%

1.8

Durable Goods Orders

-1.2

2.4

Nondurable Goods Orders

0.6

1.1

March 6

Nonfarm Payrolls - February

170K

225.0

Private

155

206

Manufacturing

-5

-12

Unemployment

3.5%

3.6

Average Workweek

34.3HR

34.3

Average Hourly Earnings

0.2%

0.2

International Trade - January

-$48.5

-48.9

Consumer Credit - January

$17.0B

22.1