Economic Data Forecasts For The Weeks Of July 26 And August 2
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | Consensus | |
| Week of July 26 | |||
| July 26 | |||
| New Home Sales - June | 800K | 769 | 800 |
| Dallas Fed Manufacturing Index | 31.1 | 31.1 | |
| July 27 | |||
| Durable Goods Orders - June | 2.1% | 2.3 | 2.1 |
| S&P Case/Shiller Index - May | |||
| Twenty City M/M | 1.7% | 2.1 | |
| Twenty City M/M - SA | 1.5 | 1.6 | 1.5 |
| Twenty City Y/Y | 16.4 | 14.9 | 16.3 |
| FHFA Home Price Index - May | 1.8% | 1.8 | |
| Consumer Confidence - July | 127.0 | 127.3 | 124.1 |
| Richmond Fed Manufacturing Index | 20 | 22 | |
| July 28 | |||
| International Trade in Goods - June | -$89.0B | -88.1 | |
| Wholesale Inventories - June (a) | 1.3% | 1.3 | |
| FMOC | 0.125% | 0.125 | |
| July 29 | |||
| Initial Unemployment Claims | 375 | 419 | |
| GDP - Q2 (a) | 9.0% | 6.4 | 8.6 |
| Pending Home Sale Index - June | 110.5 | 114.7 | 115.3 |
| July 30 | |||
| Employment Cost Index - Q2 | 0.8% | 0.9 | 0.9 |
| Employment Cost Index - Y/Y | 2.8 | 2.6 | |
| Personal Income - June | -0.7% | -2.0 | -0.3 |
| Personal Spending | 0.9 | 0.0 | 0.7 |
| Chicago PMI - July | 65.0 | 66.1 | 63.5 |
| Michigan Consumer Sentiment Index (r) | 80.0 | 80.0 | 80.8 |
| Week of August 2 | |||
| August 2 | |||
| PMI Manufacturing Index - July | 63.1 | 63.1 | |
| ISM (Mfg) - July | 60.6 | 60.6 | |
| Construction Spending - June | 0.3% | -0.3 | |
| August 3 | |||
| Auto Sales - July | 15.6% | 15.4 | |
| Car Sales | 3.5 | 3.5 | |
| Truck Sales | 12.1 | 11.8 | |
| Factory Orders - June | 1.3% | 1.7 | |
| Durable Goods Orders | 2.1 | 2.3 | |
| Nondurable Goods Orders | 0.5 | 1.0 | |
| August 4 | |||
| ADP Employment Report - July | 620K | 692 | |
| PMI Services Index | 59.8 | 59.8 | |
| ISM Services - July | 60.6 | 60.1 | |
| August 5 | |||
| International Trade - June | -$71.3 | -71.2 | |
| August 6 | |||
| Nonfarm Payrolls - July | 700K | 850 | |
| Private | 620 | 662 | |
| Manufacturing | 35 | 15 | |
| Unemployment | 5.7% | 5.9 | |
| Average Workweek | 34.8HR | 34.7 | |
| Average Hourly Earnings | 0.3% | 0.3 | |
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
