Economic Data Forecasts For The Weeks Of June 20 And 27
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
Week of June 20 |
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June 20 |
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Chicago Fed National Activity Index - May |
0.47 |
0.47 |
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June 21 |
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Existing Home Sales - May |
5.410M |
5.610 |
5.390 |
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June 23 |
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Initial Unemployment Claims |
229K |
229 |
225 |
Current Account - Q1 |
$284.0B |
-217.9 |
-273.3 |
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PMI Manufacturing Flash Index |
57.0 |
57.0 |
56.4 |
PMI Services Flash Index |
53.9 |
53.4 |
53.6 |
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June 24 |
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New Home Sales - May |
625K |
591 |
585 |
Michigan Consumer Sentiment Index - June (r) |
50.2 |
50.2 |
50.2 |
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Week of June 27 |
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June 27 |
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Durable Goods Orders - May |
0.5% |
0.5 |
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Pending Home Sales Index - May |
99.3 |
99.3 |
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Dallas Fed General Business Activity |
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-7.3 |
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June 28 |
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International Trade in Goods - May |
-$102.5B |
-105.9 |
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Wholesale Inventories - May (a) |
2.1% |
2.2 |
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S&P Case/Shiller Index - April |
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Twenty City M/M |
2.8% |
3.1 |
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Twenty City M/M - SA |
1.6 |
2.4 |
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Twenty City Y/Y |
21.9 |
21.2 |
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FHFA Home Price Index - April |
1.4% |
1.5 |
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Consumer Confidence |
103.0 |
106.4 |
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Richmond Fed Manufacturing Index |
5.0 |
-9 |
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June 29 |
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GDP - Q1 (f) |
-1.3% |
-1.5 |
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June 30 |
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Personal Income - May |
0.5% |
0.4 |
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Personal Spending |
0.6 |
0.9 |
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Chicago PMI - June |
59.0 |
60.3 |
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July 1 |
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ISM (Mfg) - June |
55.8 |
56.1 |
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Construction Spending - May |
0.7% |
0.2 |
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Auto Sales - June |
13.8M |
12.7 |
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Car Sales |
2.8 |
2.7 |
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Truck Sales |
11.0 |
10.0 |
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.