Economic Data Forecasts For The Weeks Of March 29 And April 5

Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of March 29

March 29

Dallas Fed Manufacturing Index

12.5

17.2

March 30

S&P Case/Shiller Index - January

Twenty City M/M

0.8%

0.8

Twenty City M/M - SA

1.2

1.3

1.2

Twenty City Y/Y

11.0

10.1

11.0

FHFA Housing Price Index - January

0.8%

1.1

Consumer Confidence Index - March

96.0

91.3

97.0

March 31

Chicago PMI - March

60.0

59.5

60.3

Pending Home Sale Index - February

120.0

122.8

April 1

Initial Unemployment Claims

685K

684

680

PMI Manufacturing Index - March

59.0

59.0

ISM (Mfg) - March

59.8

60.8

61.3

Construction Spending - February

-0.8%

1.7

-0.9

Auto Sales* - March

15.8

15.7

Car Sales

3.5

3.4

Truck Sales

12.3

12.2

Nonfarm Payrolls - March

520K

379

630

Private

470

465

550

Manufacturing

40

21

30

Unemployment

6.1%

6.2

6.0

Average Workweek

34.8HR

34.6

34.7

Average Hourly Earnings

0.2%

0.2

0.2

Week of April 5

April 5

Factory Orders - February

-1.0%

2.6

Durable Goods Orders

-1.1

3.4

Nondurable Goods Orders

-1.0

1.9

PMI Services Index - March

60.0

60.0

ISM Services - March

57.0

55.3

April 6

JOLTS - February

6.850M

6.917

April 7

International Trade - February

-$70.4B

-68.2

Consumer Credit - February

$5.0B

-1.3

April 9

Producer Price Index - March

0.5%

0.5

PPI less food, energy and trade services

0.2

0.2

Energy

Wholesale Inventories - February (r)

0.5%

0.5