Economic Data Forecasts For The Weeks Of September 27 And October 4

Projections for upcoming data releases, including Case/Shiller, PMI, Nonfarm Payrolls, Consumer Credit.

Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of September 27      
September 27      
Durable Goods Sales - August 0.5% -0.1 0.7
Dallas Fed Manufacturing Index 11.0 9.0  
       
September 28      
International Trade in Goods - August -$85.0B -86.4  
Wholesale Inventories - August (a) 1.0% 0.6  
       
S&P Case/Shiller Index - July      
Twenty City M/M 1.8% 2.0 1.6
Twenty City M/M - SA 1.8 1.8  
Twenty City Y/Y 20.2 19.1 20.0
       
FHFA Home Price Index - July 1.5% 1.6  
Consumer Confidence - September 116.0 113.8 114.5
Richmond Fed Manufacturing Index 11.0 9.0  
       
September 29      
Pending Home Sale Index - Aug 111.7 110.7 112.1
       
September 30      
Initial Unemployment Claims 335K 351 328
GDP - Q2 6.8% 6.6 6.6
Chicago PMI - September 65.3 66.8 66.5
       
October 1      
Personal Income - August 0.2% 1.1 0.3
Personal Spending 0.5 0.3 0.6
       
PMI Manufacturing Index 60.5 60.5  
ISM (Mfg) - Sept 59.3 59.9 59.5
       
Construction Spending - August 0.3% 0.3 0.3
Michigan Consumer Sentiment - Sept (r) 71.0 71.0  
       
Auto Sales - September 13.2M 13.1  
Car Sales 2.9 3.1  
Truck Sales 10.3 10.0  
       
Week of October 4      
October 4      
Factory Orders - August 0.5% 0.4  
Durable Goods Orders  0.5 -0.1  
Nondurable Goods Orders  0.5 0.9  
       
October 5      
International Trade - August -67.7 70.1  
       
ISM Services - September 61.3 61.7  
       
October 6      
ADP Employment Report - September  475K 374  
       
October 7      
Consumer Credit - August $25.0B 17.0  
       
October 8      
Nonfarm Payrolls - September 525K 235  
Private 600 243  
Manufacturing 30 37  
Unemployment 5.0% 5.2  
Average Workweek 34.7HR 34.7  
Average Hourly Earnings 0.3% 0.6  
       

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

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