Economic Data Forecasts For The Weeks Of March 18 and 25

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of March 18

March 18

NAHB Index - March

63

62

63

March 19

Factory Orders - January

0.4%

0.1

-0.1

Durable Goods Orders

0.4

1.2

Nondurable Goods Orders

0.4

-1.0

March 20

FMOC

2.375%

2.375

March 21

Initial Unemployment Claims

225

229

225

Philadelphia Fed Survey

7.6

-4.1

4.4

Leading Indicators - February

0.1%

0.0%

0.1

March 22

PMI Manufacturing Flash Index

53.5

53.0

53.4

PMI Services Flash Index

56.5

56.0

56.0

Existing Home Sales - February

5.100M

4.940

5.080

Wholesale Inventories - January

0.1

1.1

0.1

Treasury Budget - February

-$225.0B

8.7

-227.0

Week of March 25

March 25

Chicago Fed National Activity Index - February

-0.20

-0.43

Dallas Fed Manufacturing Index

13.5

13.1

March 26

Twenty City M/M

0.0%

-0.2

Twenty City M/M - SA

0.4

0.2

Twenty City Y/Y

3.8

4.2

Housing Starts - February

1.200M

1.230

Building Permits

1.290

1.345

FHFA Housing Price Index - January

0.3%

0.3

Consumer Confidence Index - March

133.0

131.4

Richmond Fed Manufacturing Index

14.0

16.0

March 27

International Trade in Goods - January

-$77.0B

-79.5

Wholesale Inventories (a) - Jan

0.4%

1.1

Current Account - Q4

-$136.0B

-124.8

March 28

GDP - Q4 (f)

2.2%

2..6

Pending Home Sale Index - February

100.1

103.2

March 29

Personal Income - February

0.3%

-0.1

New Home Sales - February

607K

607

Chicago PMI - March

60.7

64.7

Michigan Consumer Sentiment - March (f)

97.9

97.8