Economic Data Forecasts For The Weeks Of April 29 & May 6
Here are my forecasts for upcoming economic data.
| Forecast | Prior | ||
| Observation | |||
| Week of April 29 | |||
| April 29 | |||
| Dallas Fed Manufacturing Survey | -11.3 | -14.4 | |
| April 30 | |||
| Employment Cost Index - Q1 | 0.9% | 0.9 | |
| Employment Cost Index - Y/Y | 3.9 | 4.2 | |
| S&P Case/Shiller Index - February | |||
| Twenty City M/M | 0.3% | -0.1 | |
| Twenty City M/M - SA | 0.0 | 0.1 | |
| Twenty City Y/Y | 6.7 | 6.6 | |
| FHFA Housing Price Index - February | 0.1% | -0.1 | |
| Chicago PMI - April | 47 | 41.4 | |
| Consumer Confidence | 104.7 | 104.7 | |
| May 1 | |||
| ADP Employment Report - April | 210K | 184 | |
| PMI Manufacturing Index - April | 49.9 | 49.9 | |
| ISM (Mfg) - April | 49.5 | 50.3 | |
| Construction Spending - March | 0.7% | -0.3 | |
| JOLTS -March | 8.700M | 8.756 | |
| Auto Sales - April | 15.7K | 15.5 | |
| Car Sales | 3.0 | 3.1 | |
| Truck Sales | 12.7 | 12.5 | |
| FMOC | 5.375% | 5.375 | |
| May 2 | |||
| Productivity - Q1 (p) | 1.8% | 3.2 | |
| Unit Labor Costs | 2.0 | 0.4 | |
| International Trade in Goods - March | -$66.8B | -68.9 | |
| Factory Orders - March | 1.6% | 1.4 | |
| Durable Goods Orders | 2.5 | 1.3 | |
| Nondurable Goods Orders | 0.6 | 1.4 | |
| May 3 | |||
| Nonfarm Payrolls - April | 250K | 303 | |
| Private | 210 | 232 | |
| Manufacturing | 12 | 0 | |
| Unemployment | 3.80% | 3.8 | |
| Average Workweek | 34.4HR | 34.4 | |
| Average Hourly Earnings | 0.4% | 0.3 | |
| PMI Services Index | 50.9 | 50.9 | |
| ISM Services - April | 52.0 | 51.4 | |
| Week of May 6 | |||
| May 7 | |||
| Consumer Credit - March | 15.5 | 14.1 | |
| May 10 | |||
| Treasury Budget - April | $270.0B | -236 |
More By This Author:
Economic Data Forecasts For The Weeks Of April 22 & 29
Economic Data Forecasts For The Weeks Of April 15 & 22
Economic Data Forecasts For The Weeks Of April 8 And April 15
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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