| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | ||
| Week of May 17 | |||
| May 17 | |||
| NY Fed Manufacturing Index | 23.0 | 26.3 | |
| NAHB Index - May | 84 | 83 | |
| May 18 | |||
| Housing Starts - April | 1.720M | 1.739 | |
| Building Permits | 1.780 | 1.766 | |
| May 20 | |||
| Philadelphia Fed Survey | 45 | 50.2 | |
| Leading Indicators | 1.3% | 1.3 | |
| May 21 | |||
| PMI Manufacturing Flash Index - May | 60.5 | 60.5 | |
| PMI Services Flash | 64.7 | 64.7 | |
| Existing Home Sales - April | 5.900M | 6.010 | |
| 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 | |
| Twenty City Y/Y | 11.3% | 11.9 | |
| FHFA Housing Price Index - March | 1.0% | 0.9 | |
| Consumer Confidence | 120.0 | 121.7 | |
| New Home Sales - April | 950K | 1021K | |
| Richmond Fed Index | 19 | 17 | |
| May 27 | |||
| Durable Goods Sales - April | 1.0% | 0.8 | |
| GDP - Q1 (p) | 6.4% | 6.4 | |
| Pending Home Sale Index - April | 113.4 | 111.3 | |
| 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 | |
| Personal Spending | 1.0 | 4.2 | |
| Chicago PMI - May | 70.0 | 72.1 | |
Preliminary Economic Data Forecast For The Next Two Weeks
Watch for the weekend's finalized forecasts for data releases upcoming.
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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