Economic Data Forecasts For The Weeks Of July 3 And 10

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Here are my forecasts for upcoming economic data
	Forecast	Prior Observation	Consensus
Week of July 3
July 3
PMI Manufacturing Index - June	46.3	46.3
ISM (Mfg) - June	47.4	46.9	44.0

Construction Spending - May	0.4%	1.2	0.5

Auto Sales - June	15.4M	15.0
Car Sales	3.2	3.1
Truck Sales	12.2	11.9

July 5
Factory Orders - May	1.0%	0.4	0.8
Durable Goods Orders	1.7	1.1
Nondurable Goods Orders	0.2	-0.1

July 6
ADP Employment Report - June	253K	278	230

International Trade - May	-$68.6B	-74.6	-69.5
Initial Unemployment Claims	240K	239	245

PMI Services Index	54.1	54.1
ISM Services - June	50.8	50.3	51.0

JOLTS - May	10.000M	10.103	9.900

July 7
Nonfarm Payrolls - June	245K	339	225
Private	225	283	205
Manufacturing	5	-2	0
Unemployment	3.7%	3.7	3.7
Average Workweek	34.3HR	34.3	34.3
Average Hourly Earnings	0.4%	0.3	0.3

Week of July 10
July 10
Wholesale Inventories - May	-0.1%	-0.1
Consumer Credit - May	$20.0B	23.0

July 11
NFIB Small Business Optimism Index - July	89.0	89.4

July 12
Consumer Price Index - June	0.4%	0.1
Core CPI	0.4	0.4

July 13
Producer Producer Index - June	0.3%	-0.3
PPI less food energy and trade services	0.3	0.0

Treasury Budget - June	-$10.0B	-240.3

July 14
Export Prices - June	0.3%	-1.9
Import Prices	0.3	-0.6
Import Prices, ex-Energy	0.2	-0.2

Michigan Consumer Sentiment Index (p)	65.5	64.4