Economic Data Forecasts For The Weeks Of Jan. 30 And Feb. 6

Here are my forecasts for upcoming economic data.
     
 
Forecast
Prior Observation
Consensus
Week of January 30
 
 
 
January 30
 
 
 
Dallas Fed Index - January
-15
-18.8
 
 
 
 
 
January 31
 
 
 
Employment Cost Index - Q4
1.2%
1.2
1.1
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
-0.5
Twenty City Y/Y
6.8
8.6
6.9
 
 
 
 
FHFA Housing Market Index - November
-0.5%
0.0
 
Chicago PMI - January
45.5
44.9
44.9
Consumer Confidence Index
108.3
108.3
109.0
 
 
 
 
February 1
 
 
 
ADP Employment Survey - January
190K
186
170
PMI Manufacturing Index - January
46.8
46.8
 
 
 
 
 
ISM (Mfg) - January
48.1
48.4
48.0
 
 
 
 
Construction Spending - December
-0.4%
0.2
-0.1
JOLTS - December
10.300M
10.458
10.200
 
 
 
 
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
 
 
 
Initial Unemployment Claims
195K
186
200
 
 
 
 
Productivity - Q(4) - preliminary
2.7%
0.8
2.4
Unit Labor Cost
1.3
2.4
1.5
 
 
 
 
Factory Orders - December
3.0%
-1.8
2.3
Durable Goods Orders
5.6
-2.1
 
Nondurable Goods Orders 
0.4
-1.4
 
 
 
 
 
February 3
 
 
 
Nonfarm Payrolls - January 
190K
223
185
Private
170
220
168
Manufacturing
15
8.0
15
Unemployment
3.6%
3.5
3.6
Average Workweek
34.3HR
34.3
34.3
Average Hourly Earnings
0.3%
0.3
0.3
 
 
 
 
PMI Services Index - January
46.6
46.6
 
 
 
 
 
ISM Services - January
50.7
49.6
50.3
 
 
 
 
Week of  February 6
 
 
 
February 7
 
 
 
International Trade - December
-$69.3B
-61.5
-69.0
Consumer Credit - December
$27B
27
24
 
 
 
 
February 8
 
 
 
Wholesale Inventories (f)
0.1%
0.1
 
 
 
 
 
February 10
 
 
 
Michigan Consumer Sentiment - February (p)
64.9
64.9
65.0
Treasury Budget - January
$110.0B
-85.0
 
 
 
 
 

More By This Author:

Economic Data Forecasts For The Weeks Of Jan. 23 And 30
Economic Data Forecasts For The Weeks Of Jan. 16 And 23
Economic Data Forecasts For The Weeks Of Jan. 9 And 16

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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