Economic Data And Forecasts For The Weeks Of July 2 And July 9
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Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of July 2 |
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July 2 |
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PMI Manufacturing Index - June |
54.6 |
54.6 |
54.6 |
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ISM (Mfg) - June |
58.1 |
58.7 |
58.3 |
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Construction Spending - May |
0.5% |
1.8 |
0.6 |
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July 3 |
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Auto Sales* - June |
17.1M |
16.91 |
17.0 |
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Car Sales |
5.5 |
5.44 |
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Truck Sales |
11.6 |
11.48 |
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*SAAR, as published by Motor Intelligence |
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Factory Orders - May |
-0.2% |
-0.8 |
-0.1 |
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July 5 |
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ADP Employment Report - July |
185K |
178 |
188 |
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Initial Unemployment Claims |
220K |
227 |
223 |
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PMI Services Index |
56.5 |
56.5 |
56.5 |
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ISM Services - June |
58.0 |
58.6 |
58.3 |
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July 6 |
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Nonfarm Payrolls - June |
190K |
223 |
190 |
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Private |
185 |
218 |
183 |
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Manufacturing |
18 |
18 |
15 |
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Unemployment |
3.8% |
3.8 |
3.8 |
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Average Workweek |
34.5HR |
34.5 |
34.5 |
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Average Hourly Earnings |
0.2% |
0.3 |
0.3 |
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International Trade - May |
-$43.3B |
-46.2 |
-43.5 |
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Week of July 9 |
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July 9 |
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Consumer Credit - May |
$12.0B |
9.3 |
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July 10 |
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July 11 |
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Producer Producer Index - June |
0.1% |
0.5 |
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Core PPI (less food, energy and trade services) |
0.2 |
0.1 |
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Wholesale Inventories - May |
0.5% |
0.5 |
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July 12 |
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Consumer Price Index - June |
0.1% |
0.2 |
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Core CPI |
0.2 |
0.2 |
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Treasury Budget - June |
-$102B |
-146.8 |
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July 13 |
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Export Prices - June |
0.1% |
0.6 |
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Import Prices |
-0.2 |
0.6 |
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Michigan Consumer Sentiment Index (p) |
98.2 |
98.2 |
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Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster ...
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Thanks for the list. It is helpful and informative.