Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of June 21

June 21

Chicago Fed National Activity Index - May

0.50

0.24

June 22

Richmond Fed Manufacturing Index

18

18

Existing Home Sales - May

5.650K

5.850

5.72

June 23

Current Account - Q1

-$207.0B

-188.5

-207.0

PMI Manufacturing Flash Index

62.1

62.1

61.5

PMI Services Flash Index

70.0

70.4

70.0

New Home Sales - May

890K

863

875

June 24

Initial Unemployment Claims

375K

412

380

Durable Goods Orders - May

2.5%

-1.3

2.7

International Trade in Goods - May

-$88.6

-85.2

Wholesale Inventories - May (a)

1.0%

0.8

GDP - Q1 (f)

6.4%

6.4

6.4

June 25

Personal Income - May

-2.7%

-13.1

-2.5

Personal Spending

0.4

0.5

0.3

Michigan Consumer Sentiment Index - June (r)

86.4

86.4

86.5

Week of June 28

June 28

Dallas Fed General Business Activity

32.5

34.9

June 29

S&P Case/Shiller Index - April

Twenty City M/M

1.5%

2.2

Twenty City M/M - SA

1.2

1.6

Twenty City Y/Y

14.2

13.3

FHFA Home Price Index - April

1.3%

1.4

Consumer Confidence

117.2

117.2

June 30

ADP Employment Report - July

450K

978

Chicago PMI - June

72

75.2

Pending Home Sales Index - May

106.2

106.2

July 1

ISM (Mfg) - June

61.2

61.2

Construction Spending - May

0.4%

0.2

July 2

Auto Sales* - June

17.0

17.0

Car Sales

3.8

3.7

Truck Sales

13.2

13.3

Nonfarm Payrolls - June

500K

559

Private

450

492

Manufacturing

30

23

Unemployment

5.8%

5.8

Average Workweek

34.9Hr

34.9

Average Hourly Earnings

0.5%

0.5

International Trade - May

-$70.1B

68.9

Factory Orders - May

1.3%

-0.6

Durable Goods Orders

2.5

-1.3

Nondurable Goods Orders

1.0

0.1