Economic Data Forecasts For The Weeks Of July 25 And August 1
Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of July 25 |
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July 25 |
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Chicago Fed National Activity Index - June |
0.01 |
0.01 |
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Dallas Fed Manufacturing Index |
-10.0 |
-17.7 |
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July 26 |
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S&P Case/Shiller Index - May |
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Twenty City M/M |
2.1% |
2.3 |
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Twenty City M/M - SA |
1.6 |
1.8 |
1.5 |
Twenty City Y/Y |
21.1 |
21.2 |
20.8 |
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FHFA Home Price Index - May |
1.6% |
1.6 |
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Consumer Confidence - July |
97.0 |
98.7 |
97.3 |
New Home Sales - June |
670K |
696 |
664 |
Richmond Fed Manufacturing Index |
-10 |
-19 |
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July 27 |
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Durable Goods Orders - June |
0.3% |
0.8 |
-0.3 |
International Trade in Goods - June |
-$103.2B |
-106.7 |
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Wholesale Inventories - June (a) |
2.0% |
1.8 |
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Pending Home Sale Index - June |
99.0 |
99.9 |
98.4 |
FMOC |
2.375% |
1.625 |
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July 28 |
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Initial Unemployment Claims |
260K |
251 |
253 |
GDP - Q2 (a) |
0.3% |
-1.6 |
0.4 |
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July 29 |
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Employment Cost Index - Q2 |
1.0% |
1.4 |
1.2 |
Employment Cost Index - Y/Y |
4.5 |
4.5 |
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Personal Income - June |
0.5% |
0.5 |
0.5 |
Personal Spending |
0.8 |
0.2 |
0.9 |
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Chicago PMI - July |
56.5 |
56.0 |
55.4 |
Michigan Consumer Sentiment Index (r) |
51.1 |
51.1 |
51.1 |
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Week of August 1 |
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August 1 |
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PMI Manufacturing Index - July |
52.3 |
52.3 |
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ISM (Mfg) - July |
53.0 |
53.0 |
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Construction Spending - June |
0.3% |
-0.1 |
0.2 |
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August 2 |
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JOLTS - June |
11.000M |
11.254 |
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Auto Sales - July |
13.5M |
13.0 |
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Car Sales |
2.8 |
2.7 |
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Truck Sales |
10.7 |
10.3 |
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August 3 |
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ADP Employment Report - July |
220K |
128 |
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PMI Services Index |
47.0 |
47.0 |
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ISM Services - July |
53.0 |
55.3 |
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Factory Orders - June |
0.4% |
1.6 |
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Durable Goods Orders |
0.3 |
0.8 |
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Nondurable Goods Orders |
0.5 |
2.3 |
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August 4 |
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International Trade - June |
-$81.9B |
-85.4 |
-82.0 |
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August 5 |
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Nonfarm Payrolls - July |
250K |
372 |
260 |
Private |
220 |
381 |
230 |
Manufacturing |
20 |
29 |
20 |
Unemployment |
3.60% |
3.6 |
3.6 |
Average Workweek |
34.5HR |
34.5 |
34.5 |
Average Hourly Earnings |
0.3% |
0.3 |
0.3 |
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Consumer Credit - June |
$22.0B |
22.3 |
24.5 |
More By This Author:
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Economic Data Forecasts For The Weeks Of July 18 And July 25
Economic Data Forecasts For The Weeks Of July 11 And 18
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.