Economic Data Forecasts For The Weeks Of March 1 And 8

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of March 1
March 1
PMI Manufacturing Index - February	58.5	58.5
ISM (Mfg) - February	58.9	58.7	58.8

Construction Spending - January	0.8%	1.0	0.8

March 2
Auto Sales - February	16.6K	16.6
Car Sales	3.7	3.7
Truck Sales	12.9	12.9

March 3
ADP Employment Report - February	100K	174	170

PMI Services Index - February	58.9	58.9
ISM Services Index	58.7	58.7	58.7

March 4
Initial Unemployment Claims	775K	730	760

Productivity - Q(4) - r	-4.7	-4.8	-4.7
Unit Labor Cost	6.7	6.8	6.8

Factory Orders - January	2.2%	0.7	2.1
Durable Goods Orders	3.4	0.3
Nondurable Goods Orders	1.0	1.1

March 5
Nonfarm Payrolls - February	150K	49	165
Private	175	6	190
Manufacturing	20	-10	10
Unemployment	6.4%	6.3	6.3
Average Workweek	34.9HR	35.0	34.9
Average Hourly Earnings	0.2%	0.2	0.2

International Trade - January	-$67.6B	-66.6	-67.5
Consumer Credit - January	$12.0B	9.7	12.0

Week of March 8
March 8
Wholesale Inventories - January	1.3%	1.3

March 9
NFIB Small Business Optimism Index - February	96.0	95.0

March 10
Consumer Price Index - February	0.3%	0.3	0.3
CPI Core	0.2	0.0	0.1

Treasury Budget - January	-$632B	-162.8

March 11
JOLTS - January	6.570M	6.646

March 12
Producer Price Index - February	0.3%	1.2
PPI less food, energy and trade services	0.2	1.2


Michigan Consumer Sentiment - March (p)	76.8	76.8