Economic Data Forecasts For The Weeks Of April 25 And May 2

 
Here are my forecasts for upcoming economic data.    
 
Forecast
Prior Observation
Consensus
Week of April 25
 
 
 
April 25
 
 
 
Chicago Fed National Activity Index - March
0.40
0.51
 
Dallas Fed Manufacturing Survey
10.0
8.7
 
 
 
 
 
April 26
 
 
 
Durable Goods Orders - March
1.0%
-2.1
1.0
 
 
 
 
S&P Case/Shiller Index - February
 
 
 
Twenty City M/M
1.4%
1.4
 
Twenty City M/M - SA
1.5
1.8
1.5
Twenty City Y/Y
19.2
19.1
18.9
 
 
 
 
FHFA Housing Price Index - February
1.6%
1.6
 
Consumer Confidence
106.0
107.2
108.0
New Home Sales - March
775K
772
765
Richmond Fed Manufacturing Survey
10.0
13
 
 
 
 
 
April 27
 
 
 
International Trade - March (a)
-$106.6B
-106.6
 
Wholesale Inventories - March (a)
1.8%
2.5
 
 
 
 
 
Pending Home Sale Index - March
104.0
104.9
102.4
 
 
 
 
April 28
 
 
 
Initial Jobless Claims
180K
184
180
GDP - Q1 (a)
1.0%
6.9
1.1
 
 
 
 
April 29
 
 
 
Employment Cost Index - Q1
1.0
1.0
 
Employment Cost Index - Y/Y
4.1
4.0
 
 
 
 
 
Personal Income - March
0.4%
0.5
0.4
Personal Spending - February
0.8
0.2
0.6
 
 
 
 
Chicago PMI - April
61.0
62.9
62.0
Michigan Consumer Sentiment Index - April (r)
65.7
65.7
65.7
 
 
 
 
Week of May 2
 
 
 
May 2
 
 
 
PMI Manufacturing Index - April
59.7
59.7
 
ISM (Mfg) - April
57.5
57.1
 
 
 
 
 
Construction Spending - March
0.9%
0.5
 
 
 
 
 
May 3
 
 
 
Factory Orders - March
1.3%
0.5%
 
Durable Goods Orders 
1.0
2.1
 
Nondurable Goods Orders 
1.5
1.2
 
 
 
 
 
JOLTS -March
11.266M
11.266
 
 
 
 
 
Auto Sales* - April
13.5M
13.4
 
Car Sales
2.7
2.7
 
Truck Sales
10.8
10.7
 
*SAAR, as published by Motor Intelligence
 
 
 
 
 
 
 
May 4
 
 
 
ADP Employment Report - April
370K
435
 
International Trade - March
-$87.0B
-89.2
 
 
 
 
 
PMI Services Index
54.7
54.7
 
ISM Services - April
59.0
58.3
 
 
 
 
 
FMOC
0.875%
0.375
 
 
 
 
 
May 5
 
 
 
Productivity - Q1 (p)
1.2%
6.6
 
Unit Labor Costs
5.6
0.3
 
 
 
 
 
May 6
 
 
 
Nonfarm Payrolls - April
400K
431
 
Private
370
426
 
Manufacturing
45
38
 
Unemployment
3.6%
3.6
 
Average Workweek
0.4
0.4
 
Average Hourly Earnings
34.7HR
34.6
 
*Core Private equals Private less Medical, Social Assistance, and Temp Services 
 
 
 
 
 
Consumer Credit - March
$20M
41.99
 

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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