Economic Data Forecasts For The Weeks Of July 25 And August 1

Here are my forecasts for upcoming economic data.
 
 
 
Forecast
Prior Observation
Consensus
Week of July 25
 
 
 
July 25
 
 
 
Chicago Fed National Activity Index - June
0.01
0.01
 
Dallas Fed Manufacturing Index
-10.0
-17.7
 
 
 
 
 
July 26
 
 
 
S&P Case/Shiller Index - May
 
 
 
Twenty City M/M
2.1%
2.3
 
Twenty City M/M - SA
1.6
1.8
1.5
Twenty City Y/Y
21.1
21.2
20.8
 
 
 
 
FHFA Home Price Index - May
1.6%
1.6
 
Consumer Confidence - July
97.0
98.7
97.3
New Home Sales - June
670K
696
664
Richmond Fed Manufacturing Index
-10
-19
 
 
 
 
 
July 27
 
 
 
Durable Goods Orders - June
0.3%
0.8
-0.3
International Trade in Goods - June
-$103.2B
-106.7
 
Wholesale Inventories - June (a)
2.0%
1.8
 
Pending Home Sale Index - June
99.0
99.9
98.4
FMOC
2.375%
1.625
 
 
 
 
 
July 28
 
 
 
Initial Unemployment Claims
260K
251
253
GDP - Q2 (a)
0.3%
-1.6
0.4
 
 
 
 
July 29
 
 
 
Employment Cost Index - Q2
1.0%
1.4
1.2
Employment Cost Index - Y/Y
4.5
4.5
 
 
 
 
 
Personal Income - June
0.5%
0.5
0.5
Personal Spending
0.8
0.2
0.9
 
 
 
 
Chicago PMI - July
56.5
56.0
55.4
Michigan Consumer Sentiment Index (r)
51.1
51.1
51.1
 
 
 
 
Week of August 1
 
 
 
August 1
 
 
 
PMI Manufacturing Index - July
52.3
52.3
 
ISM (Mfg) - July
53.0
53.0
 
 
 
 
 
Construction Spending - June
0.3%
-0.1
0.2
 
 
 
 
August 2
 
 
 
JOLTS - June
11.000M
11.254
 
 
 
 
 
Auto Sales - July
13.5M
13.0
 
Car Sales
2.8
2.7
 
Truck Sales
10.7
10.3
 
 
 
 
 
August 3
 
 
 
ADP Employment Report - July
220K
128
 
 
 
 
 
PMI Services Index
47.0
47.0
 
ISM Services - July
53.0
55.3
 
 
 
 
 
Factory Orders - June
0.4%
1.6
 
Durable Goods Orders 
0.3
0.8
 
Nondurable Goods Orders 
0.5
2.3
 
 
 
 
 
August 4
 
 
 
International Trade - June
-$81.9B
-85.4
-82.0
 
 
 
 
August 5
 
 
 
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
 
 
 
 
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.

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