Economic Data Forecast For The Weeks Of Oct. 20 And 27
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | ||
| Week of October 20 | |||
| October 20 | |||
| Leading Indicators | -0.3% | -0.5 | |
| October 23 | |||
| Existing Home Sales - September | 4.043M | 4.000 | |
| October 24 | |||
| Chicago Fed National Activity Index | -0.20 | -0.12 | |
| PMI Manufacturing Flash Index | 52.2 | 52.0 | |
| PMI Services Flash Index | 54.2 | 53.9 | |
| New Home Sales - September | 725K | 800 | |
| Michigan Consumer Sentiment Index - Oct (r) | 55.0 | 55.0 | |
| Week of October 27 | |||
| October 28 | |||
| S&P Case/Shiller Index - August | |||
| Twenty City M/M | -0.1% | -0.3 | |
| Twenty City M/M - SA | 0.0 | -0.1 | |
| Twenty City Y/Y | 1.3% | 1.8 | |
| FHFA House Price Index - August | 0.0% | -0.1 | |
| Consumer Confidence | 94.2 | 94.2 | |
| Richmond Fed Manufacturing Index | -10 | -17 | |
| October 29 | |||
| International Trade in Goods - September (a) | -$90.0B | -85.5 | |
| Pending Home Sale Index - September | 75.1 | 74.7 | |
| FOMC | 3.88% | 4.125 | |
| October 30 | |||
| GDP - Q3 (a) | 3.0% | 3.8 | |
| October 31 | |||
| Employment Cost Index - Q3 | 0.9% | 0.9 | |
| Employment Cost Index - Y/Y | 3.7 | 3.6 | |
| Personal Income - September | 0.4% | 0.4 | |
| Personal Spending | 0.4 | 0.6 | |
| Chicago PMI | 41.5 | 40.5 | |
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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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