Economic Data Forecasts For The Weeks Of Feb. 26 And March 4

Here are my forecasts for upcoming economic data.

    Forecast    
         
Week of February 26        
February 26        
New Home Sales - Jan 685K 664.0    
Dallas Fed Manufacturing Index -18.9 -27.4    
         
February 27        
Durable Goods Orders - January -1.3% 0.0    
         
S&P Case/Shiller Index - December        
Twenty City M/M -0.1% -0.2    
Twenty City M/M - SA 0.3 0.1    
Twenty City Y/Y 6.3 5.4    
         
Consumer Confidence Index - February 111.4 114.8    
FHFA Housing Market Index - December 0.003 0.3    
Richmond Fed Manufacturing Index -12 -15.0    
         
         
February 28        
International Trade in Goods - January (a) -$87.7B -87.9    
Wholesale Inventories (a) - January -0.001 0.4    
         
GDP - Q4 (p) 3.3% 3.3    
         
February 29        
Initial Unemployment Claims        
         
Personal Income - January 0.5% 0.3    
Personal Spending 0.3 0.7    
         
Chicago PMI - February 46.6 46.0    
Pending Home Sales - January 77.8 77.3    
         
March 1        
ISM (Mfg) - February 48.5 49.1    
Construction Spending - January 0.002 0.9    
         
         
Auto Sales - February 15.7M 15.0    
Car Sales 3.0 3.0    
Truck Sales 12.7 12.0    
         
Michigan Consumer Sentiment - February (r) 79.6 79.6    
Year ahead inflation expectation 3.1% 3.0    
         
Week of March 4        
March 5        
ISM Services Index 52.0 53.4    
         
Factory Orders - January -0.7% 0.2    
Durable Goods Orders  -1.4 0.0    
Nondurable Goods Orders  0.1 0.4    
         
March 6        
ADP Employment Report - February 150 106    
JOLTS - January 9.100M 9.0    
         
March 7        
International Trade - January -$60.9B -62.2    
         
Productivity - Q4 (r) 3.2% 3.2    
Unit Labor Cost 0.5 0.5    
         
Consumer Credit - January $10.0B 1.6    
         
March 8        
Nonfarm Payrolls - February 180K 353.0    
Private 150 317.0    
Manufacturing 10 23.0    
Unemployment 3.7% 3.7    
Average Workweek 34.2HR 34.1    
Average Hourly Earnings 0.3% 0.6  

More By This Author:

Economic Data Forecasts For The Weeks Of Feb. 19 And 26
Economic Data Forecasts For The Weeks Of February 12 And 19
Economic Data Forecasts For The Weeks Of Feb. 5 and 12

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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