Economic Data Forecasts For The Weeks Of Jan. 2 And 9
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Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
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Week of January 2 |
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January 3 |
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PMI Manufacturing Index - December |
46.2 |
46.2 |
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Construction Spending - December |
-0.4% |
-0.3 |
-0.4 |
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January 4 |
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ISM (Mfg) - December |
49.0 |
49.0 |
48.5 |
ISM Prices |
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JOLTS - Nov |
10.100M |
10.334 |
10.000 |
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Auto Sales* - December |
14.1M |
14.1 |
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Car Sales |
3.1 |
3.1 |
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Truck Sales |
11.0 |
11.0 |
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*SAAR, as published by Motor Intelligence |
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January 5 |
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Initial Unemployment Claims |
225K |
225.0 |
230 |
ADP Employment - December |
160K |
127 |
145 |
International Trade - November |
-$62.6 |
-78.2 |
-76.1 |
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PMI - Services |
44.4 |
44.4 |
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January 6 |
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Nonfarm Payrolls - December |
190K |
263 |
200 |
Private |
160 |
221 |
175 |
Core Private |
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Manufacturing |
12 |
14 |
9 |
Unemployment |
3.7% |
3.7 |
3.7 |
Average Workweek |
34.4HR |
34.4 |
34.4 |
Average Hourly Earnings |
0.4% |
0.6 |
0.4 |
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Factory Orders - November |
-0.7% |
1.0 |
-0.9 |
Durable Goods Orders |
-2.1 |
-2.1 |
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Nondurable Goods Orders |
0.8 |
1.0 |
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ISM Services - December |
56.0 |
56.6 |
55.0 |
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Week of January 9 |
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January 9 |
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Consumer Credit - November |
$25.0B |
27.0 |
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January 10 |
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NFIB Small Business Confidence - December |
91.3 |
91.9 |
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Wholesale Inventories - November |
1.0% |
1.0 |
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January 12 |
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Consumer Price Index - December |
0.1% |
0.1 |
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Core CPI |
0.3 |
0.2 |
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Treasury Budget - December |
$5.0B |
-248.5 |
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January 13 |
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Export Prices - December |
-0.9% |
-0.3 |
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Import Prices_ December |
-0.9 |
-0.6 |
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Ex Petroleum |
-0.3 |
-0.3 |
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Michigan Consumer Sentiment - January (p) |
60.5 |
59.7 |
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More By This Author:
Economic Data Forecasts For The Weeks Of Dec. 26 And Jan. 2
Economic Data Forecasts For The Weeks Of Dec. 19 And 26
Economic Data Forecasts For The Weeks Of Dec. 12 And 19
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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