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