Economic Data Forecasts For The Weeks Of Feb. 20 And 27
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of February 20 |
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February 21 |
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PMI Manufacturing Flash Index |
46.9 |
46.9 |
47.3 |
PMI Services Flash Index |
46.8 |
46.8 |
47.2 |
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Existing Home Sales - January |
4.000M |
4.020 |
4.10 |
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February 23 |
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Initial Unemployment Claims |
195K |
194 |
200 |
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GDP - Q4 (p) |
2.9% |
2.9 |
2.9 |
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February 24 |
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Personal Income - January |
1.2% |
0.2 |
0.9 |
Personal Spending |
1.4% |
-0.2 |
1.3 |
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New Home Sales - Jan |
616K |
616 |
619 |
Michigan Consumer Sentiment - February (r) |
66.4 |
66.4 |
66.4 |
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Week of February 27 |
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February 27 |
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Durable Goods Orders - January |
-3.0 |
5.6 |
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Pending Home Sales - January |
77.9 |
76.9 |
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Dallas Fed Manufacturing Index |
-9 |
-8.4 |
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February 28 |
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International Trade in Goods - January (a) |
-90.3 |
90.3 |
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Wholesale Inventories (a) - January |
0.0 |
0.1 |
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S&P Case/Shiller Index - December |
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Twenty City M/M |
-1.0% |
-0.8 |
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Twenty City M/M - SA |
-0.5 |
-0.5 |
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Twenty City Y/Y |
4.6 |
6.8 |
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FHFA Housing Market Index - December |
-0.4 |
-0.1 |
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Chicago PMI - February |
44.7 |
44.3 |
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Consumer Confidence Index - February |
108.1 |
107.1 |
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Richmond Fed Manufacturing Index |
-5.0 |
-11 |
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March 1 |
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ISM (Mfg) - February |
47.4 |
47.4 |
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Construction Spending - January |
-0.1 |
-0.4 |
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Auto Sales - February |
15.2M |
15.7 |
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Car Sales |
3.1 |
3.1 |
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Truck Sales |
12.1 |
12.6 |
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March 2 |
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Productivity - Q4 (r) |
2.5% |
3.0 |
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Unit Labor Cost |
1.6 |
1.1 |
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ISM Services Index |
54.2 |
55.2 |
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More By This Author:
Economic Data Forecasts For The Weeks Of Feb. 13 And 20
Economic Data Forecasts For The Weeks Of Feb. 6 And 13
Economic Data Forecasts For The Weeks Of Jan. 30 And Feb. 6
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.