Economic Data Forecasts For The Weeks Of July 20 And 27

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of July 20

July 21

Chicago Fed National Activity Index - June

4.00

2.61

July 22

FHFA Home Price Index - May

0.3%

0.2

Existing Home Sales - June

5.000M

3.910M

4.86

July 23

Initial Unemployment Claims

1300K

1300

1300

Leading Indicators

2.1%

2.8

2.1

Kansas City Fed Manufacturing Index

5

1

July 24

PMI Manufacturing Flash Index

51.3

49.8

51.5

PMI Services Flash Index

50.5

47.9

51.0

New Home Sales - June

695K

676

700

Week of July 27

July 27

Durable Goods Orders - June

12.0%

15.7

Dallas Fed Manufacturing Index

-1.0

-6.1

July 28

S&P Case/Shiller Index - May

Twenty City M/M

0.8%

0.9

Twenty City M/M - SA

0.4

0.3

Twenty City Y/Y

4.2

4.0

Consumer Confidence - July

95.0

98.1

Richmond Fed Manufacturing Index

5.0

0

July 29

International Trade in Goods - June

-74.3

-74.3

Wholesale Inventories - June (a)

0.7%

-1.2

Pending Home Sale Index - June

105

99.6

FMOC

July 30

Initial Unemployment Claims

GDP - Q2 (a)

-35.0

-5.0

July 31

Employment Cost Index - Q2

0.5%

0.8

Employment Cost Index - Y/Y

2.7

2.8

Personal Income - June

-3.0%

-4.2

Personal Spending

6.0

8.2

PCE Price Index

0.1

Core PCE Price Index

0.1

Real Personal Spending

8.1

Chicago PMI - July

41.0

36.6

Michigan Consumer Sentiment Index (r)

74.0

73.2