Economic Data Forecasts For The Weeks Of June 29 And July 6
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of June 29 |
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June 29 |
||||
Pending Home Sales Index - May |
85.0 |
69.0 |
82.6 |
|
Dallas Fed General Business Activity |
-30.0 |
-49.2 |
||
June 30 |
||||
S&P Case/Shiller Index - April |
||||
Twenty City M/M |
1.0% |
1.1 |
||
Twenty City M/M - SA |
0.5 |
0.5 |
||
Twenty City Y/Y |
4.1 |
3.9 |
||
Chicago PMI - June |
43.5 |
32.3 |
45.0 |
|
Consumer Confidence |
90.0 |
86.6 |
91.6 |
|
July 1 |
||||
ADP Employment Report - July |
2900K |
-2760 |
3000 |
|
PMI Manufacturing Index - June |
49.6 |
49.6 |
||
ISM (Mfg) - June |
48.5 |
43.1 |
49 |
|
ISM Prices |
||||
Auto Sales* - June |
13.0K |
12.2 |
||
Car Sales |
3.0 |
2.6 |
||
Truck Sales |
10.0 |
9.6 |
||
Construction Spending - May |
0.6% |
-2.9 |
1.0 |
|
July 2 |
||||
Initial Jobless Claims |
1400K |
1480 |
1350 |
|
Nonfarm Payrolls - June |
2900K |
2509K |
3074 |
|
Private |
3000 |
3094 |
3000 |
|
Manufacturing |
500 |
225 |
300 |
|
Unemployment |
12.1% |
13.3 |
12.3 |
|
Average Workweek |
34.5HR |
34.7 |
34.5 |
|
Average Hourly Earnings |
0.0% |
-1.0 |
-0.6 |
|
International Trade - May |
-$53.4B |
-49.4 |
52.4 |
|
Factory Orders - May |
6.4% |
-13.0 |
8.3 |
|
Durable Goods Orders |
15.8 |
-17.7 |
||
Nondurable Goods Orders |
0.0 |
-9.0 |
||
Week of July 6 |
||||
July 6 |
||||
PMI Services Index |
46.7 |
46.7 |
||
ISM Services - June |
59.0 |
45.4 |
48.2 |
|
July 7 |
||||
JOLTS - May |
4.800M |
5.046 |
||
July 8 |
||||
Consumer Credit - May |
-25.0B |
-68.7 |
-20.0 |
|
July 9 |
||||
Wholesale Inventories - May |
-1.2% |
-1.2 |
||
July 10 |
||||
Producer Producer Index - June |
0.4% |
0.4 |
0.4 |
|
Core PPI (less food, energy and trade services |
0.1 |
0.1 |
0.1 |
|
Energy |
4.5 |
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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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