Economic Data Forecasts For The Weeks Of Aug. 1 And Aug. 8
Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of August 1 |
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August 1 |
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PMI Manufacturing Index - July |
52.3 |
52.3 |
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ISM (Mfg) - July |
52.5 |
53.0 |
52.0 |
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Construction Spending - June |
0.3% |
-0.1 |
0.2 |
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August 2 |
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JOLTS - June |
11.000M |
11.254 |
11.000 |
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Auto Sales - July |
13.5M |
13.0 |
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Car Sales |
2.8 |
2.7 |
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Truck Sales |
10.7 |
10.3 |
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August 3 |
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ADP Employment Report - July |
220K |
128 |
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PMI Services Index |
47.0 |
47.0 |
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ISM Services - July |
53.0 |
55.3 |
53.5 |
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Factory Orders - June |
1.2% |
1.6 |
1.2 |
Durable Goods Orders |
1.9 |
0.8 |
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Nondurable Goods Orders |
0.5 |
2.3 |
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August 4 |
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Initial Unemployment Claims |
256K |
256 |
255 |
International Trade - June |
-$78.5B |
-85.4 |
-80.1 |
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August 5 |
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Nonfarm Payrolls - July |
250K |
372 |
250 |
Private |
220 |
381 |
230 |
Manufacturing |
20 |
29 |
15 |
Unemployment |
3.6% |
3.6 |
3.6 |
Average Workweek |
34.5HR |
34.5 |
34.5 |
Average Hourly Earnings |
0.3% |
0.3 |
0.3 |
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Consumer Credit - June |
$23.0B |
22.3 |
24.0 |
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Week of August 8 |
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August 9 |
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NFIB Small Business Optimisim Index - July |
89.5 |
89.5 |
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Productivity - Q2 (p) |
-2.2% |
-7.3 |
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Unit Labor Costs |
6.7 |
12.6 |
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August 10 |
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Consumer Price Index - July |
0.3% |
1.3 |
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CPI Core |
0.7 |
0.7 |
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Wholesale Inventories - June |
1.9% |
1.9 |
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Treasury Budget - July |
-$162.0B |
-88.8 |
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August 11 |
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Producer Price Index - July |
0.3% |
0.8 |
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PPI less food energy and trade services |
0.5 |
0.6 |
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August 12 |
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Export Prices - July |
-1.4% |
0.7 |
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Import Prices |
-1.3 |
0.2 |
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Import Prices, ex-Petroleum |
0.0 |
-0.4 |
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Michigan Consumer Sentiment (p) |
51.5 |
51.5 |
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More By This Author:
Economic Data Forecasts For The Weeks Of July 25 And August 1
America Needs To Take More Risks In Ukraine
Economic Data Forecasts For The Weeks Of July 18 And July 25
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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