Economic Data Forecasts For The Weeks Of April 24 And May 1

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Here are my forecasts for upcoming economic data.    

     
  Forecast Prior Observation Consensus
Week of April 24      
April 24      
Chicago Fed National Activity Index - March -0.25% -0.19  
Dallas Fed Manufacturing Survey -12.0% -15.7  
       
April 25      
S&P Case/Shiller Index - February      
Twenty City M/M 0.0% -0.6  
Twenty City M/M - SA -0.2 -0.4 -0.4
Twenty City Y/Y 0.0 2.5 0.1
       
FHFA Housing Price Index - February -0.4% 0.2  
Consumer Confidence 139.8 104.2 104.0
New Home Sales - March 630K 640 634
Richmond Fed Manufacturing Survey -8 -5  
       
       
Durable Goods Orders - March 1.2% -1.0 0.8
       
International Trade - March (a) -$90.6B -91.6  
Wholesale Inventories - March (a) 0.3% 0.1 0.2
       
April 27      
GDP - Q1 (a) 1.8% 2.6 2.0
Initial Jobless Claims 250K 245 250
Pending Home Sale Index - March 82.3 83.2 83.4
       
April 28      
Employment Cost Index - Q1 1.2% 1.0 1.1
Employment Cost Index - Y/Y 5.0 5.1  
       
Personal Income - March 0.3% 0.3 0.2
Personal Spending -0.1 0.2 -0.1
Chicago PMI - April 43.3 43.8 43.5
Michigan Consumer Sentiment Index - April (r) 63.5 63.5 63.5
       
       
Week of May 1      
May 1      
PMI Manufacturing Index - April 50.4 50.4  
ISM (Mfg) - April 46.7 46.3  
       
Construction Spending - March 0.2 -0.1  
         
May 2      
Factory Orders - March 0.8 -0.7  
Durable Goods Orders  1.2 -1.0  
Nondurable Goods Orders  0.3 -0.4  
       
JOLTS -March 9.600M 9.931  
       
Auto Sales* - April 14.8M 14.8  
Car Sales 3.0 3.0  
Truck Sales 11.8 11.8  
       
May 3      
ADP Employment Report - April 150K 145  
       
PMI Services Index 53.7 53.7  
ISM Services - April 51.8 51.2  
       
May 4      
Productivity - Q1 (p) 0.0% 1.7  
Unit Labor Costs 4.0 3.2  
       
International Trade - March -$69.5B -70.5  
       
May 5      
Nonfarm Payrolls - April 185K 236  
Private 157 189  
Manufacturing 0 -1  
Unemployment 3.5% 3.5  
Average Workweek 34.4HR 34.4  
Average Hourly Earnings 0.3% 0.3  
       
Consumer Credit - March $18.0B 15.3  
       

More By This Author:

Economic Data Forecasts For The Weeks Of April 17 And 24
Economic Data Forecasts For The Weeks Of April 10 And 17
Economic Data Forecasts For The Weeks Of April 3 And 10

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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