Economic Data Forecasts For The Weeks Of May 24 And June 1


Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of May 24
May 24
Chicago Fed National Activity Index - April	1.00	1.71

May 25
S&P Case/Shiller Index - March
Twenty City M/M	0.6%	1.2
Twenty City M/M - SA	1.4	1.2	1.3
Twenty City Y/Y	12.8%	11.9	12.3

FHFA Housing Price Index - March	1.0%	0.9
Consumer Confidence	118.0	121.7	119.0
New Home Sales - April	975K	1021K	975
Richmond Fed Index	19	17

May 27
Initial Unemployment Claims	425K	444	425
Durable Goods Sales - April	1.0%	0.8	0.7

GDP - Q1(p)	6.6%	6.4	6.5

Pending Home Sale Index - April	113.4	111.3	114.6

May 28
International Trade in Goods - April	-$93.5	-90.6
Wholesale Inventories (a) - April	1.2%	1.3

Personal Income - April	-14.0%	21.1	-14.8
Personal Spending	0.8	4.2	0.5

Chicago PMI - May	70.0	72.1	69.5
Michigan Consumer Sentiment Index - May (r)	82.8	82.8	82.8

Week of June 1
June1
PMI Manufacturing Index - May	61.5	61.5	61.5
ISM (Mfg) - May	61.5	60.7	60.8
Construction Spending - April	1.0	0.2	1.0
Dallas Fed Manufacturing Survey	35.0	37.3

June 2
ADP Employment Report	680K	742	545

Auto Sales* - May
Car Sales	17.9K	18.5
Truck Sales	3.9	4.1
*SAAR, as published by Motor Intelligence	14,0	14.4

June 3
Productivity - Q1 (r)	5.5%	5.4	5.5
Unit Labor Costs	-0.3	-0.3	-0.3

PMI Services Index	70.1	70.1
ISM Services - May	63.5	62.7	63.2

June 4
Nonfarm Payrolls - May	750K	266	621
Private	728	218	600
Manufacturing	80	-18
Unemployment	6.0%	6.1	5.9
Average Workweek	34.9HR	35.0	35.0
Average Hourly Earnings	0.3%	0.7	0.1

Factory Orders - April	1.3%	1.1
Durable Goods Orders	1.0	0.8
Nondurable Goods Orders	1.6	1.5