Economic Data Forecasts For The Weeks Of June 24 & July 1
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior | ||
| Observation | |||
| Week of June 24 | |||
| June 24 | |||
| Dallas Fed Index | -14.5 | -19.4 | |
| June 25 | |||
| Chicago Fed National Activity Index - May | -0.25 | -0.23 | |
| S&P Case/Shiller Index - April | |||
| Twenty City M/M | 1.2% | 1.6 | |
| Twenty City M/M - SA | 0.3 | 0.3 | |
| Twenty City Y/Y | 7.0 | 7.4 | |
| FHFA Home Price Index - April | 0.5% | 0.1 | |
| Consumer Confidence | 100.0 | 102.0 | |
| Richmond Fed Manufacturing Index | -3.0 | 0 | |
| June 26 | |||
| New Home Sales - May | 650K | 634 | |
| June 27 | |||
| Durable Goods Orders - May | 0.4% | 0.6 | |
| International Trade in Goods - May | -96.4 | 99.4 | |
| Wholesale Inventories - May (a) | 0.1% | 0.1 | |
| GDP - Q1 (f) | 1.3% | 1.3 | |
| Pending Home Sales Index - May | 75.3 | 72.3 | |
| June 28 | |||
| Personal Income - May | 0.4% | 0.3 | |
| Personal Spending | 0.4 | 0.2 | |
| Chicago PMI - June | 40.0 | 35.4 | |
| Michigan Consumer Sentiment Index - June (r) | 65.8 | 65.6 | |
| Week of July 1 | |||
| July 1 | |||
| ISM (Mfg) - June | 49.0 | 48.7 | |
| Construction Spending - May | -0.1 | ||
| July 2 | |||
| JOLTS - May | 7.900 | 8.059 | |
| Auto Sales* - June | 16.0K | 15.9 | |
| Car Sales | 3.0 | 3.0 | |
| Truck Sales | 13.0 | 12.8 | |
| July 3 | |||
| ADP Employment Report - June | 160K | 152 | |
| International Trade - May | -70.6 | -74.6 | |
| ISM Services - June | 52.0 | 53.8 | |
| Factory Orders - May | 0.4% | 0.7 | |
| Durable Goods Orders | 0.4 | 0.6 | |
| Nondurable Goods Orders | 0.4 | 0.8 | |
| July 5 | |||
| Nonfarm Payrolls - June | 180K | 272 | |
| Private | 160 | 229 | |
| Manufacturing | 10 | 8 | |
| Unemployment | 4.0 | 4.0 | |
| Average Workweek | 34.3 | 34.3 | |
| Average Hourly Earnings | 0.3 | 0.4 |
More By This Author:
Economic Data Forecasts For The Weeks Of May 17 & 24
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Economic Data Forecasts For The Weeks Of May 27 & June 3
Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster ...
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