Economic Data Forecasts For The Weeks Of Dec. 28 And Jan. 4

 
Here are my forecasts for upcoming economic data.    
  Forecast Prior Observation Consensus
Week of December 28      
December 28      
Dallas Fed Manufacturing Index 12.0 12.0  
       
December 29      
Twenty City M/M 0.8% 1.2  
Twenty City M/M - SA 0.6 1.3 1.0
Twenty City Y/Y 6.6 6.6 7.0
       
Consumer Confidence 97.5 96.1 97.0
       
December 30      
International Trade in Goods - November -$81.1B 80.3  
Wholesale Inventories (a) - November 1.0% 1.1  
Pending Home Sale Index - November 128.9 128.9 128.9
Chicago PMI 57.2 58.2 57.0
       
December 31      
Initial Unemployment Claims 830K 803 835
       
Week of January 4      
January 4      
Construction Spending - November 0.8% 1.3  
       
January 5      
ISM (Mfg) - December 56.5 57.5  
       
Auto Sales - December 16.1M 15.6  
Car Sales 3.8 3.8  
Truck Sales 12.3 11.8  
       
January 6      
Factory Orders - November 0.6% 1.0  
Durable Goods Orders  0.9 1.3  
Nondurable Goods Orders  0.3 0.7  
       
January 7      
International Trade - November -$63.7B -63.1  
       
ISM Services - December 55.4 55.9  
       
January 8      
Nonfarm Payrolls - December 110K 245  
Private 140 344  
Manufacturing 30 27  
Unemployment 6.8% 6.7  
Average Workweek 34.8 34.8  
Average Hourly Earnings 0.2 0.3  
       
Consumer Credit - November $10.0B 7.2  

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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