Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of April 22

April 22

Chicago Fed National Activity Index - March

0.00

-0.29

Existing Home Sales - March

5.250K

5.510

5.30

April 23

FHFA Housing Price Index - February

0.3%

0.6

0.3

New Home Sales - March

630K

667

645

Richmond Fed Manufacturing Survey

10

10

12

April 25

Initial Jobless Claims

202K

192

200

Durable Goods Orders - March

0.4%

-1.6

0.8

Kansas City Fed Manufacturing Index

10

10

10

April 26

GDP - Q1 (a)

2.3%

2.2

2.0

Michigan Consumer Sentiment Index - April (r)

97.7

96.9

97.1

Week of April 29

April 29

Personal Income - March

0.4%

0.2

Personal Spending - February

0.5

0.1

Personal Spending - March

0.6

Dallas Fed Manufacturing Survey

11.0

8.3

April 30

Employment Cost Index - Q2

0.8%

0.7

Employment Cost Index - Y/Y

2.8

2.9

S&P Case/Shiller Index - February

Twenty City M/M

0.0%

-0.2

Twenty City M/M - SA

0.2

0.1

Twenty City Y/Y

2.8

3.6

Chicago PMI - April

59.7

58.7

Consumer Confidence

127.1

124.1

Pending Home Sale Index - March

102.4

101.9

May 1

ADP Employment Report - April

180K

129

ISM (Mfg) - April

55.5

55.3

ISM Prices

Construction Spending - March

0.2%

1.0

FMOC Announcement

2.375%

2.375

May 2

Productivity - Q1 (p)

1.0%

1.9

Unit Labor Costs

2.3

2.0

Factory Orders - March

0.5%

-0.5

May 3

International Trade in Goods - March

-75.9B

-70.9

Wholesale Inventories (a)

0.3%

0.2

Nonfarm Payrolls - April

180K

196

Private

170

182

Manufacturing

10

-6

Unemployment

3.8%

3.8

Average Workweek

34.5HR

34.5

Average Hourly Earnings

0.2%

0.1

ISM Services - April

57.1

56.1