Economic Data Forecasts For The Weeks Of July 19 And 26


Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of July 19
July 19
NAHB Index - July	82	81	82

July 20
Housing Starts - June	1.620M	1.572	1.597
Building Permits	1.705	1.683	1.700

July 22
Initial Unemployment Claims	350K	360	350
Chicago Fed National Activity Index - June	0.30	0.29

Leading Indicators	1.1%	1.3	0.9
Existing Home Sales - June	5.825K	5.800	5.900

July 23
PMI Manufacturing Flash Index	62.1	62.1	61.9
PMI Services Flash Index	65.1	64.6	64.8

Week of July 26
July 26
New Home Sales - June	800K	769	800
Dallas Fed Manufacturing Index	31.1	31.1

July 27
Durable Goods Orders - June	2.1%	2.3	1.9

S&P Case/Shiller Index - May
Twenty City M/M	1.7	2.1
Twenty City M/M - SA	1.5	1.6
Twenty City Y/Y	16.4	14.9

FHFA Home Price Index - May	1.8%	1.8
Consumer Confidence - July	127.0	127.3	125.5
Richmond Fed Manufacturing Index	20	22

July 28
International Trade in Goods - June	-$89.0B	88.1
Wholesale Inventories - June (a)	1.30%	1.3
FMOC	0.125%	0.125

July 29
GDP - Q2 (a)	8.0%	6.4	7.9
Pending Home Sale Index - June	110.5	114.7

July 30
Employment Cost Index - Q2	0.8%	0.9	0.9
Employment Cost Index - Y/Y	2.9	2.6

Personal Income - June	-0.7%	-2.0	0.1
Personal Spending	0.5	0.0	0.5

Chicago PMI - July	65.0	66.1
Michigan Consumer Sentiment Index (r)	80.0	80.0