Economic Data Forecasts For The Weeks Of Jan. 27 & Feb. 3

Here are my forecasts for upcoming economic data.      
       
  Forecast Prior  
    Observation  
Week of January 27      
January 27      
New Home Sales - December 672K 664  
Dallas Fed Index - January -3.0 3.4  
Chicago Fed Natonal Activity Index - December -0.12 -0.12  
       
January 28      
Durable Goods Orders - December 1.0% -1.2  
       
S&P Case/Shiller Index - November      
Twenty City M/M -0.1% -0.2  
Twenty City M/M - SA 0.3 0.3  
Twenty City Y/Y 4.3 4.3  
       
FHFA Housing Market Index - November 0.4% 0.4  
Consumer Confidence Index 106.0 104.7  
Richmond Fed Index -10.0 -6.0  
       
January 29      
International Trade in Goods (a) - December -115.1B -102.9  
Wholesale Inventories (a) 0.4% -0.2  
FOMC 4.375% 4.375  
       
January 30      
GDP - Q4 (a) 2.8% 3.1  
Pending Home Sales - December  78.3 79.1  
       
January 31      
Employment Cost Index - Q4 1.1% 0.8  
Employment Cost Index - Y/Y 3.9 3.9  
       
Personal Income - December 0.4% 0.3  
Personal Spending 0.4 0.4  
       
Chicago PMI - January 40.0 36.9  
       
Week of  February 3      
February 3      
ISM (Mfg) - January 48.3% 49.3  
       
Auto Sales - January 16.6M 16.8  
Car Sales 3.1 3.0  
Truck Sales 13.5 13.9  
       
February 4      
Factory Orders - December 0.8% -0.4  
Durable Goods Orders 1.0 -1.2  
Nondurable Goods Orders  0.5 0.4  
       
JOLTS - December 8.000M 8.098  
       
February 5      
ADP Employment Survey - January 155K 122  
International Trade - December -$80.4B -78.2  
       
ISM Services - January 55.1 54.1  
       
February 6      
Productivity - Q(4) - preliminary 2.0% 2.2  
Unit Labor Cost 4.2 0.8  
       
February 7      
Nonfarm Payrolls - January  180K 256  
Private 165 223  
Manufacturing 5.0 -13  
Unemployment 4.1% 4.1  
Average Workweek 34.3HR 34.3  
Average Hourly Earnings 0.3% 0.3  
       
Michigan Consumer Sentiment - February (p) 73.5 73.2  
       
Wholesale Inventories (f) 0.4% -0.2  
Consumer Credit - December $12.5B -7.5

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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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