Economic Data Forecasts For The Weeks Of November 25 And December 2

Predictions for the next two weeks' data reports, including Case/Shiller and Q3 GDP.

Here are my forecasts for upcoming economic data.

 
 
 

Forecast

Prior Observation

Consensus

 

Week of November 25

       

November 25

       

Chicago Fed National Activity Index - October

-0.20

-0.45

-0.20

 

Dallas Fed Manufacturing Index

-2.0

-5.1

-2.5

 
         

November 26

       

International Trade in Goods - October

-$71.0B

-70.4

-70.0

 

Wholesale Inventories - October (p)

0.3%

-0.4

   

FHFA Housing Price Index - Sept

0.3

0.2

   

New Home Sales - October

700K

701

707

 

Richmond Fed Manufacturing Index

2

8

26

 

Consumer Confidence - November

126.5

125.9

126.8

 
         

S&P Case/Shiller Index - September

       

Twenty City M/M

-0.2%

0.0

   

Twenty City M/M - SA

0.3

-0.2

0.3

 

Twenty City Y/Y

1.7

2.0

2.0

 
         

November 27

       

Initial Unemployment Claims

225K

227.0

219

 

Durable Goods Sales - October

-0.5%

-1.2

-0.7

 
         

GDP - Q3 (r)

2.0%

1.9

1.9

 
         

Personal Income - October

0.3%

0.3

0.3

 

Personal Spending

0.3

0.2

0.3

 
         

Pending Home Sale Index - October

108.0

108.7

   

Chicago PMI

46.0

43.2

46.0

 
         

Week of December 2

       

December 2

       

PMI Manufacturing Index - November

52.2

52.2

   

ISM (Mfg) - November

50.0

48.3

48.5

 
         

Construction Spending - October

0.3%

0.5

   
         

December 3

       

Auto Sales* - November

17.0M

16.8

   

Car Sales

4.7

4.5

   

Truck Sales

12.3

12.2

   
         

December 4

       

ISM Services - November

55.0

54.7

   
         

December 5

       

International Trade - October

-$52.9B

-52.5

   
         

Factory Orders - October

-0.3%

-0.6

   

Durable Goods Orders

-0.5

-1.2

   

Nondurable Goods Orders

0.2

0.1

   
         

December 6

       

Nonfarm Payrolls - November

180K

128

175

 

Private

170

131

   

Manufacturing

40

-36

   

Unemployment

3.5%

3.6

   

Average Workweek

34.4HR

34.4

   

Average Hourly Earnings

0.2%

0.2

   
         

Michigan Consumer Sentiment - Dec (p)

96.8

96.8

   

Consumer Credit - October

$15.0B

9.5

   
         

Peter Morici is a pro

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