Economic Data Forecasts For The Weeks Of Dec. 26 And Jan. 2
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of December 26 |
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December 27 |
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International Trade in Goods - November |
-$96.0 |
-99.0 |
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Wholesale Inventories (a) - November |
0.4% |
0.5 |
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S&P Case/Shiller Index - October |
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Twenty City M/M |
-1.4% |
-1.5 |
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Twenty City M/M - SA |
-1.2 |
-1.2 |
-1.2 |
Twenty City Y/Y |
8.0 |
10.4 |
8.0 |
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FHFA Housing Price Index - Oct |
-0.6% |
0.1 |
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Dallas Fed Manufacturing Index |
-11.0 |
-14.4 |
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December 28 |
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Pending Home Sale Index - November |
77.1 |
77.1 |
-76.3 |
Richmond Fed Manufacturing Index |
-9.0 |
-9.0 |
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December 29 |
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Initial Unemployment Claims |
200K |
216 |
225 |
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December 30 |
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Chicago PMI |
41.0 |
37.2 |
40.0 |
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Employment Cost Index - Q3 |
1.2% |
1.2 |
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Employment Cost Index - Y/Y |
5.3 |
0.1 |
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Week of January 2 |
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January 3 |
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PMI Manufacturing Index - December |
46.2 |
46.2 |
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Construction Spending - December |
-0.4% |
-0.3 |
-0.4 |
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January 4 |
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ISM (Mfg) - December |
49.0 |
49.0 |
48.5 |
JOLTS - Nov |
10.100M |
10.334 |
9.900 |
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Auto Sales - December |
14.1M |
14.1 |
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Car Sales |
3.1 |
3.1 |
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Truck Sales |
11.0 |
11.0 |
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January 5 |
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Initial Unemployment Claims |
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ADP Employment - December |
230K |
127 |
150 |
International Trade - November |
-$75.3 |
-78.2 |
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PMI - Services |
44.4 |
44.4 |
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January 6 |
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Nonfarm Payrolls - December |
190K |
263 |
200 |
Private |
160 |
221 |
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Manufacturing |
18 |
14 |
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Unemployment |
3.7% |
3.7 |
3.8 |
Average Workweek |
34.4HR |
34.4 |
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Average Hourly Earnings |
0.4% |
0.6 |
0.4 |
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Factory Orders - November |
-0.7% |
1.0 |
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Durable Goods Orders |
-2.1 |
-2.1 |
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Nondurable Goods Orders |
0.8 |
1.0 |
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ISM Services - December |
56.0 |
56.6 |
54.0 |
More By This Author:
Economic Data Forecasts For The Weeks Of Dec. 19 And 26
Economic Data Forecasts For The Weeks Of Dec. 12 And 19
Economic Data Forecasts For The Weeks Of Dec. 5 And 12
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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