Economic Data Forecasts For The Weeks Of Feb. 2 And 9
| Here are my forecasts for upcoming economic data | |||
| Forecast | Prior Observation | ||
| Week of February 2 | |||
| February 2 | |||
| PMI Manufacturing Index - January | 52.2 | 51.9 | |
| ISM (Mfg) - January | 48.5 | 47.9 | |
| February 3 | |||
| JOLTS - December | 7.10M | 7.15 | |
| February 4 | |||
| Auto Sales* - January | 15.8 | 16.0 | |
| Car Sales | 2.8 | 2.8 | |
| Truck Sales | 13.0 | 13.2 | |
| ADP Employment Survey - January | 45K | 41 | |
| PMI Services Index - January | 52.5 | 52.5 | |
| ISM Services - January | 55.2 | 54.4 | |
| February 6 | |||
| Nonfarm Payrolls - January | 55K | 50 | |
| Private | 42 | 37 | |
| Manufacturing | -5 | -8 | |
| Unemployment | 4.4% | 4.4 | |
| Average Workweek | 34.2HR | 34.2 | |
| Average Hourly Earnings | 0.2% | 0.3 | |
| Michigan Consumer Sentiment - February (p) | 58.0 | 56.4 | |
| Michigan Year Ahead Inflation Expectations | 3.8% | 4.0 | |
| Consumer Credit - December | $10.0B | 4.2B | |
| February 9 | |||
| Retail Sales - December | 0.5% | 0.6 | |
| February 10 | |||
| NFIB Small Business Optimism Index - January | 100.0 | 99.5 | |
| Employment Cost Index - Q4 | 0.8% | 0.8 | |
| Employment Cost Index - Y/Y | 3.5 | 3.5 | |
| February 11 | |||
| Consumer Price Index - January | 0.1% | 0.3 | |
| Core CPI | 0.2 | 0.2 | |
| Treasury Budget - January | -$192.0B | -144.7 | |
| February 12 | |||
| Existing Home Sales - January | 4.250M | 4.350 | |
More By This Author:
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Economic Data Forecasts For The Weeks Of Jan. 12 And 19
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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