Economic Data Forecasts For The Weeks Of April 28 And May 5

Here are my forecasts for upcoming economic data.        
      Prior  
  Forecast   Observation  
Week of April 28        
April 28        
Dallas Fed Manufacturing Survey -12.3   -16.3  
         
April 29        
International Trade - March (a) -$124.3B   147.9  
Wholesale Inventories - March (a) 0.6%   0.3%  
         
S&P Case/Shiller Index - February        
Twenty City M/M 0.1%   0.1  
Twenty City M/M - SA 0.5   0.5  
Twenty City Y/Y 4.8   4.7  
         
FHFA Housing Price Index - February 0.3%   0.2  
Consumer Confidence 85.7   92.9  
JOLTS -March 7.300M   7.568  
         
April 30        
ADP Employment Report - April 105K   155  
GDP - Q1 (a) 0.4%   2.4  
         
Employment Cost Index - Q1 1.0%   0.9  
Employment Cost Index - Y/Y 1.0   3.8  
         
Chicago PMI - April 45.5   47.6  
         
Personal Income - March 0.3%   0.8  
Personal Spending 0.3   0.4  
         
Pending Home Sale Index - March 74.0   72.0  
         
May 1        
PMI Manufacturing Index - April 50.7   50.7  
ISM (Mfg) - April 48.2   49.0  
         
Construction Spending - March 0.3%   0.7  
         
Auto Sales - April 15.3M   17.8  
Car Sales 2.8   3.1  
Truck Sales 12.5   14.6  
         
May 2        
Nonfarm Payrolls - April 120K   228  
Private 105   209  
Manufacturing -10   1  
Unemployment 4.2%   4.2  
Average Workweek 34.2HR   34.2  
Average Hourly Earnings 0.3%   0.3  
         
Factory Orders - March 0.6%   0.6  
Durable Goods Orders  0.8   1.0  
Nondurable Goods Orders  0.4   0.3  
         
Week of May 5        
May 5        
PMI Services Index 51.4   51.4  
ISM Services - April 50.8   50.8  
         
May 6        
International Trade in Goods - March -$100.0B   122.7  
         
May 7        
FOMC 4.375%   4.375  
Consumer Credit - March $11.0B   -0.8  
         
May 8        
Productivity - Q1 (p) -0.5%   1.5  
Unit Labor Costs 5.5   2.2  
         
Wholesale Inventories - March 0.6%   0.3  

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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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