Economic Data Forecasts For The Weeks Of Feb. 20 And 27

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Here are my forecasts for upcoming economic data.

 
 
 
 
 
Forecast
Prior Observation
Consensus
Week of February 20
 
 
 
February 21
 
 
 
PMI Manufacturing Flash Index
46.9
46.9
47.3
PMI Services Flash Index
46.8
46.8
47.2
 
 
 
 
Existing Home Sales - January
4.000M
4.020
4.10
 
 
 
 
February 23
 
 
 
Initial Unemployment Claims
195K
194
200
 
 
 
 
GDP - Q4 (p)
2.9%
2.9
2.9
 
 
 
 
February 24
 
 
 
Personal Income - January
1.2%
0.2
0.9
Personal Spending
1.4%
-0.2
1.3
 
 
 
 
New Home Sales - Jan
616K
616
619
Michigan Consumer Sentiment - February (r)
66.4
66.4
66.4
 
 
 
 
Week of February 27
 
 
 
February 27
 
 
 
Durable Goods Orders - January
-3.0
5.6
 
Pending Home Sales - January
77.9
76.9
 
Dallas Fed Manufacturing Index
-9
-8.4
 
 
 
 
 
February 28
 
 
 
International Trade in Goods - January (a)
-90.3
90.3
 
Wholesale Inventories (a) - January
0.0
0.1
 
 
 
 
 
S&P Case/Shiller Index - December
 
 
 
Twenty City M/M
-1.0%
-0.8
 
Twenty City M/M - SA
-0.5
-0.5
 
Twenty City Y/Y
4.6
6.8
 
 
 
 
 
FHFA Housing Market Index - December
-0.4
-0.1
 
Chicago PMI - February
44.7
44.3
 
 
 
 
 
Consumer Confidence Index - February
108.1
107.1
 
Richmond Fed Manufacturing Index
-5.0
-11
 
 
 
 
 
March 1
 
 
 
ISM (Mfg) - February
47.4
47.4
 
Construction Spending - January
-0.1
-0.4
 
 
 
 
 
Auto Sales - February
15.2M
15.7
 
Car Sales
3.1
3.1
 
Truck Sales
12.1
12.6
 
 
 
 
 
March 2
 
 
 
Productivity - Q4 (r)
2.5%
3.0
 
Unit Labor Cost
1.6
1.1
 
 
 
 
 
ISM Services Index
54.2
55.2
 
 

 


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.

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