Economic Data Forecasts For The Weeks Of May 3 & 10

Here are my forecasts for upcoming economic data

	Forecast	Prior
		Observation
Week of June 3
June 3
PMI Manufacturing Index - May	50.9	50.9
ISM (Mfg) - May	50.0	49.2

Construction Spending - April	0.2%	-0.2

Auto Sales - May	15.7M	15.7
Car Sales	3.0	3.1
Truck Sales	12.7	12.7

June 4
Factory Orders - April	0.7%	1.6
Durable Goods Orders	0.7	2.6
Nondurable Goods Orders	0.6	0.6

JOLTS - April	8.300M	8.488

June 5
ADP Employment Report	167K	192

PMI Services Index	54.8	54.8
ISM Services - May	50.0	49.4

June 6
International Trade - April	-$69.0B	-69.4

Productivity - Q1 (r)	0.3%	0.3
Unit Labor Costs	4.7	4.7

June 7
Nonfarm Payrolls - May	180K	175
Private	155	167
Manufacturing	10	8
Unemployment	3.9%	3.9
Average Workweek	34.3	34.3
Average Hourly Earnings	0.4%	0.2


Consumer Credit - April	$14.0B	6.3

Week of June 10
June 10

June 11
NFIB Small Business Optimism Index - May	89.7	89.7

June 12
Consumer Price Index - May	0.1%	0.3
Core CPI	0.3	0.3

FOMC
Treasury Budget - May	-$203.00	209.5

June 13
Initial Unemployment Claims

Producer Price Index - May	0.1%	0.5
PPI Core	0.3	0.4

June 14
Export Prices - May	-0.2%	0.5
Import Prices	-0.2	0.9
Import Prices, ex-Petroleum	0.2	0.7

Michigan Consumer Sentiment - June (p)	73.0	69.1

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