Economic Data Forecasts For The Weeks Of March 29 And April 5

 

Here are my forecasts for upcoming economic data.

   
 

Forecast

Prior Observation

Consensus

Week of March 29

     

March 29

     

Dallas Fed Manufacturing Index

12.5

17.2

 
       

March 30

     

S&P Case/Shiller Index - January

     

Twenty City M/M

0.8%

0.8

 

Twenty City M/M - SA

1.2

1.3

1.2

Twenty City Y/Y

11.0

10.1

11.0

       

FHFA Housing Price Index - January

0.8%

1.1

 

Consumer Confidence Index - March

96.0

91.3

97.0

       

March 31

     

Chicago PMI - March

60.0

59.5

60.3

Pending Home Sale Index - February

120.0

122.8

 
       

April 1

     

Initial Unemployment Claims

685K

684

680

PMI Manufacturing Index - March

59.0

59.0

 

ISM (Mfg) - March

59.8

60.8

61.3

       

Construction Spending - February

-0.8%

1.7

-0.9

       

Auto Sales* - March

15.8

15.7

 

Car Sales

3.5

3.4

 

Truck Sales

12.3

12.2

 
       

Nonfarm Payrolls - March

520K

379

630

Private

470

465

550

Manufacturing

40

21

30

Unemployment

6.1%

6.2

6.0

Average Workweek

34.8HR

34.6

34.7

Average Hourly Earnings

0.2%

0.2

0.2

       

Week of April 5

     

April 5

     

Factory Orders - February

-1.0%

2.6

 

Durable Goods Orders

-1.1

3.4

 

Nondurable Goods Orders

-1.0

1.9

 
       

PMI Services Index - March

60.0

60.0

 

ISM Services - March

57.0

55.3

 
       

April 6

     

JOLTS - February

6.850M

6.917

 
       

April 7

     

International Trade - February

-$70.4B

-68.2

 

Consumer Credit - February

$5.0B

-1.3

 
       

April 9

     

Producer Price Index - March

0.5%

0.5

 

PPI less food, energy and trade services

0.2

0.2

 

Energy

     
       

Wholesale Inventories - February (r)

0.5%

0.5

 
 

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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