Economic Data Forecasts For The Weeks Of June 28 And July 5

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of June 28

June 28

Dallas Fed General Business Activity

32.5

34.9

June 29

S&P Case/Shiller Index - April

Twenty City M/M

1.5%

2.2

Twenty City M/M - SA

1.3

1.6

1.7

Twenty City Y/Y

14.2

13.3

14.5

FHFA Home Price Index - April

1.3%

1.4

Consumer Confidence

118.0

117.2

119.0

June 30

ADP Employment Report - July

450K

978

450

Chicago PMI - June

72

75.2

70

Pending Home Sales Index - May

106.2

106.2

105.1

July 1

Initial Jobless Claims

400K

411

386

ISM (Mfg) - June

61.2

61.2

61.0

Construction Spending - May

0.4%

0.2

0.4

July 2

Auto Sales - June

17.0

17.0

Car Sales

3.8

3.7

Truck Sales

13.2

13.3

Nonfarm Payrolls - June

520K

559

675

Private

450

492

580

Manufacturing

30

23

30

Unemployment

5.8%

5.8

5.7

Average Workweek

34.9Hr

34.9

34.9

Average Hourly Earnings

0.5%

0.5

0.3

International Trade - May

-$69.6B

68.9

-71.3

Factory Orders - May

1.6%

-0.6

1.5

Week of July 5

July 6

ISM Services - June

64.0

64.0

July 7

JOLTS - May

9.300M

9.286

July 8

Consumer Credit - May

$19.0M

18.6