Economic Data Forecasts For The Weeks Of June 27 And July 4
Here are my forecasts for upcoming economic data.
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Forecast |
Prior Observation |
Consensus |
Week of June 27 |
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June 27 |
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Durable Goods Orders - May |
-0.5% |
0.5 |
0.0 |
Pending Home Sales Index - May |
97.0 |
99.3 |
95.3 |
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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 |
2.1 |
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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 |
1.8 |
Twenty City Y/Y |
21.9 |
21.2 |
21.0 |
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FHFA Home Price Index - April |
1.4% |
1.5 |
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Consumer Confidence |
100.0 |
106.4 |
100.9 |
Richmond Fed Manufacturing Index |
5.0 |
-9 |
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June 29 |
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GDP - Q1 (f) |
-1.3 |
-1.5 |
-1.5 |
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June 30 |
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Initial Jobless Claims |
228K |
229 |
227 |
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Personal Income - May |
0.5% |
0.4 |
0.5 |
Personal Spending |
0.6 |
0.9 |
0.3 |
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Chicago PMI - June |
58.0 |
60.3 |
58.1 |
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July 1 |
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PMI Manufacturing Index - June |
52,4 |
52.4 |
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ISM (Mfg) - June |
55.8 |
56.1 |
55.0 |
Construction Spending - May |
0.7% |
0.2 |
0.4 |
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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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Week of July 4 |
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July 5 |
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Factory Orders - May |
-0.3% |
0.3 |
0.3 |
Durable Goods Orders |
-0.5 |
0.5 |
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Nondurable Goods Orders |
0.2 |
0.2 |
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July 6 |
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PMI Services Index |
51.6 |
51.6 |
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ISM Services - June |
56.4 |
55.9 |
55.4 |
JOLTS - May |
11.1M |
11.4 |
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July 7 |
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ADP Employment Report - June |
230K |
128 |
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International Trade - May |
-$82.5B |
-87.1 |
-86.6 |
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July 8 |
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Nonfarm Payrolls - June |
250K |
390 |
250.0 |
Private |
230 |
333 |
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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 |
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Consumer Credit - May |
34.0B |
38.1 |
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.