Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of August 24

August 24

Chicago Fed National Activity Index - July

3.50

4.11

August 25

S&P Case/Shiller Index - June

Twenty City M/M

0.4%

0.4

Twenty City M/M - SA

0.1

0.0

0.1

Twenty City Y/Y

3.7

3.7

3.7

FHFA Home Price Index - June

0.3%

-0.3

Consumer Confidence - August

94.6

92.6

93.0

New Home Sales - July

776K

776

786

Richmond Fed Manufacturing Index

10

10

August 26

Durable Goods Sales - July

4.0%

7.6

4.2

August 27

Initial Unemployment Claims

1050K

1106

1000

GDP - Q2 (p)

-32.8%

-32.9

-32.6

Pending Home Sales Index - July

116.1

116.1

121.3

August 28

International Trade in Goods - July

-$73.9B

-70.6

Wholesale Inventories - July (a)

-0.6%

-1.4

Personal Income - July

-1.4%

-1.1

-0.2

Personal Spending

1.5

5.6

1.4

Michigan Consumer Sentiment Index - August (r)

72.8

72.8

72.8

Week of August 31

August 31

Chicago PMI

51.9

51.9

Dallas Fed Manufacturing Index

0.0

-3.0

September 1

PMI Manufacturing Index - August

53.6

53.6

ISM (Mfg) - August

54.8

54.2

54.0

Construction Spending - July

0.8%

-0.7

0.7

Auto Sales* - August

14.8M

14.5

Car Sales

3.6

3.5

Truck Sales

11.2

11.0

September 3

Initial Unemployment Claims

International Trade - July

-$54.0B

-50.7

-52.7

Productivity - Q2 (r)

7.3%

7.3

Unit Labor Costs

12.2

12.2

PMI Services Index - August

54.8

54.8

ISM Services - August

58.1

58.1

57.6

September 4

Nonfarm Payrolls - August

1550K

1763

1493

Private

1400

1462

1375

Manufacturing

100

26

Unemployment

10.1%

10.2

10.0

Average Workweek

34.5HR

34.5

34.5

Average Hourly Earnings

-0.4%

0.2

0.0