Economic Data Forecasts For The Weeks Of March 3 And 10

Here are my forecasts for upcoming economic data.

		Prior
	Forecast	Observation
Week of March 3
March 3
PMI Manufacturing Index	51.6	51.6

ISM (Mfg) - February	50.4	50.9

Construction Spending - January	0.2%	0.5

Auto Sales - February	15.7	15.6
Car Sales	2.8	2.8
Truck Sales	12.9	12.8

March 5
ADP Employment Report - February	145K	183
PMI Services Index - February	49.7	49.7

Factory Orders - January	1.2%	-0.9
Durable Goods Orders	2.0	-2.2
Nondurable Goods Orders	0.3	0.3

ISM Services Index	53.0	52.8

March 6
International Trade - January	-$93.8	-98.4

Productivity - Q4 (r)	1.2%	1.2
Unit Labor Cost	3.0%	3.0
Initial Unemployment Claims
	0.3%	-0.5
Wholesale Inventories - January

March 7
Nonfarm Payrolls - February	160K	143
Private	145	111
Manufacturing	5	3
Unemployment	4.1%	4.0
Average Workweek	34.2	34.1
Average Hourly Earnings	0.4	0.5
*Core Private equals Private less Medical, Social Assistance, and Temp Services

Consumer Credit - January	5.0B	40.8

Week of March 10
March 11
NFIB Small Business Optimism Index - February	102.0	102.8
JOLTS - January	7.800M	7.600

March 12
Consumer Price Index - February	0.3%	0.5
CPI Core	0.3	0.4

Treasury Budget - February	-250.0	-128.6

March 13
PPI	0.3%	0.4
PPI less food, energy and trade services	0.3	0.3

March 14
Michigan Consumer Sentiment - March (p)	66.2	64.7
Year Ahead Inflation Expectations	4.0%	4.3

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