Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of January 23

January 23

Leading Indicators

-0.7%

-1.0

-0.7

January 24

PMI Manufacturing Flash Index - January

46.0

46.2

46.2

PMI Services Flash Index - January

45.5

45.0

45.0

Consumer Confidence - January 

107.8

108.3

Richmond Fed Index

-3

1

January 26

Initial Unemployment Claims

205K

190

205

GDP - Q4 (a)

2.7%

3.2

2.6

GDP Implicit Price Deflator

Durable Goods Orders - December

2.7%

-2.1

2.6

International Trade in Goods (a) - December

-$89.0B

-83.3

Wholesale Inventories (a)

0.5%

1.0

New Home Sales - December

615K

640

614

January 27

Personal Income - December

0.3%

0.4

0.2

Personal Spending

-0.1

0.1

-0.1

Michigan Consumer Sentiment - February (f)

64.6

64.6

64.6

Pending Home Sales - December 

74.2

73.9

73.2

Week of  January 30

January 30

Dallas Fed Indes - January

-15

-18.8

January 31

Employment Cost Index - Q4

1.2%

1.2

Employment Cost Index - Y/Y

5.2

5.0

S&P Case/Shiller Index - November

Twenty City M/M

-0.8%

-0.8

Twenty City M/M - SA

-0.5

-0.5

Twenty City Y/Y

6.8

8.6

FHFA Housing Market Index - November

-0.5%

0.0

Chicago PMI - January

45.5

44.9

Consumer Confidence Index - January 

108.3

108.3

February 1

ADP Employment Survey - January

170K

235

ISM (Mfg) - January

48.1

48.4

Construction Spending - December

-0.4%

0.2

JOLTS - December

10.300M

10.458

Auto Sales - January

14.5M

13.3

Car Sales

3.2

2.8

Truck Sales

11.3

10.6

FMOC

4.63%

4.375

February 2

Productivity - Q(4) - preliminary

2.5%

0.8

Unit Labor Cost

1.5

2.4

Factory Orders - December

1.5%

-1.8

Durable Goods Orders

2.7

-2.1

Nondurable Goods Orders 

0.4

-1.4

February 3

Nonfarm Payrolls - January 

190K

223

Private

170

220

Manufacturing

15

8.0

Unemployment

3.6%

3.5

Average Workweek

34.3HR

34.3

Average Hourly Earnings

0.3%

0.3

ISM Services - January

50.7

49.6