Economic Data Forecasts For The Weeks Of June 27 And July 4

Here are my forecasts for upcoming economic data.

 
 
 
 
Forecast
Prior Observation
Consensus
Week of June 27
 
 
 
June 27
 
 
 
Durable Goods Orders - May
-0.5%
0.5
0.0
Pending Home Sales Index - May
97.0
99.3
95.3
 
 
 
 
June 28
 
 
 
International Trade in Goods - May
-$102.5B
-105.9
 
Wholesale Inventories - May (a)
2.1%
2.2
2.1
 
 
 
 
S&P Case/Shiller Index - April
 
 
 
Twenty City M/M
2.8%
3.1
 
Twenty City M/M - SA
1.6
2.4
1.8
Twenty City Y/Y
21.9
21.2
21.0
 
 
 
 
FHFA Home Price Index - April
1.4%
1.5
 
Consumer Confidence
100.0
106.4
100.9
Richmond Fed Manufacturing Index
5.0
-9
 
 
 
 
 
June 29
 
 
 
GDP - Q1 (f)
-1.3
-1.5
-1.5
 
 
 
 
June 30
 
 
 
Initial Jobless Claims
228K
229
227
 
 
 
 
Personal Income - May
0.5%
0.4
0.5
Personal Spending
0.6
0.9
0.3
 
 
 
 
Chicago PMI - June
58.0
60.3
58.1
 
 
 
 
July 1
 
 
 
PMI Manufacturing Index - June
52,4
52.4
 
ISM (Mfg) - June
55.8
56.1
55.0
Construction Spending - May
0.7%
0.2
0.4
 
 
 
 
Auto Sales - June
13.8M
12.7
 
Car Sales
2.8
2.7
 
Truck Sales
11.0
10.0
 
 
 
 
 
Week of July 4
 
 
 
July 5
 
 
 
Factory Orders - May
-0.3%
0.3
0.3
Durable Goods Orders 
-0.5
0.5
 
Nondurable Goods Orders 
0.2
0.2
 
 
 
 
 
July 6
 
 
 
PMI Services Index
51.6
51.6
 
ISM Services - June
56.4
55.9
55.4
JOLTS - May
11.1M
11.4
 
 
 
 
 
July 7
 
 
 
ADP Employment Report - June
230K
128
 
International Trade - May
-$82.5B
-87.1
-86.6
 
 
 
 
July 8
 
 
 
Nonfarm Payrolls - June
250K
390
250.0
Private
230
333
 
Manufacturing
40
18
25
Unemployment
3.6
3.6
3.6
Average Workweek
34.6
34.6
34.6
Average Hourly Earnings
0.3
0.3
0.3
 
 
 
 
Consumer Credit - May
34.0B
38.1
 
 
 
 

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.