Economic Data Forecasts For The Weeks Of November 29 And December 6

Predictions for upcoming data release figures, including Case/Shiller, Consumer Confidence, ADP and NFP.

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation  
Week of November 29
 
 
 
November 29
 
 
 
Dallas Fed Manufacturing Index
14.60
14.6
 
Pending Home Sale Index - October
117.0
116.7
 
 
 
 
 
November 30
 
 
 
S&P Case/Shiller Index - September
 
 
 
Twenty City M/M
1.0%
0.9
 
Twenty City M/M - SA
1.0
1.2
 
Twenty City Y/Y
19.3
19.7
 
 
 
 
 
FHFA Housing Price Index  - Sept
1.0%
1.0
 
Consumer Confidence - November
109.8
113.8
110.7
Chicago PMI
68.4
68.4
68.4
 
 
 
 
December 1
 
 
 
ADP Employment Report - November
420K
571
480
 
 
 
 
PMI Manufacturing Index - November
59.1
59.1
 
ISM (Mfg) - November
60.8
60.8
61.0
Construction Spending - October
0.8%
-0.5
0.6
 
 
 
 
Auto Sales - November
13.1M
13.1
 
Car Sales
2.8
2.6
 
Truck Sales
10.3
10.4
 
 
 
 
 
December 2
 
 
 
Initial Unemployment Claims
225K
199
250
 
 
 
 
December 3
 
 
 
Nonfarm Payrolls - November
480K
531
500
Private
460
604
483
Manufacturing
50
60
48
Unemployment
4.5%
4.6
4.5
Average Workweek
34.7HR
34.7
34.7
Average Hourly Earnings
0.4%
0.4
0.4
 
 
 
 
PMI Services Index - November
57.0
57.0
 
ISM Services - November
66.7
66.7
65.5
 
 
 
 
Factory Orders - October
0.2%
0.2
 
Durable Goods Orders 
-0.5
-0.3
 
Nondurable Goods Orders 
0.8
0.8
 
 
 
 
 
Week of December 6
 
 
 
December 6
 
 
 
 
 
 
 
December 7
 
 
 
International Trade - October
-$65.4B
-80.9
 
 
 
 
 
Productivity - Q3 (r)
-4.0%%
-5.0
 
Unit Labor Costs
7.3
8.3
 
 
 
 
 
Consumer Credit - October
$25.0B
29.9
 
 
 
 
 
 
 
 
 
December 8
 
 
 
JOLTS-October
10.438B
10.438
 
 
 
 
 
December 9
 
 
 
Initial Unemployment Claims
 
 
 
 
 
 
 
Wholesale Inventories - October (p)
 
2.2
 
Wholesale Sales
 
 
 
 
 
 
 
December 10
 
 
 
Consumer Price Index - November
0.5%
0.9
 
Core CPI
0.3
0.6
 
Energy
 
4.8
 
 
 
 
 
Treasury Budget - November
-$195.0B
-165.1
 
Michigan Consumer Sentiment - Dec (p)
67.4
67.4
 
   

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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