Economic Data Forecasts For The Weeks Of March 3 And 10
| Here are my forecasts for upcoming economic data. | |||
| Prior | |||
| Forecast | Observation | ||
| Week of March 3 | |||
| March 3 | |||
| PMI Manufacturing Index | 51.6 | 51.6 | |
| ISM (Mfg) - February | 50.4 | 50.9 | |
| Construction Spending - January | 0.2% | 0.5 | |
| Auto Sales - February | 15.7 | 15.6 | |
| Car Sales | 2.8 | 2.8 | |
| Truck Sales | 12.9 | 12.8 | |
| March 5 | |||
| ADP Employment Report - February | 145K | 183 | |
| PMI Services Index - February | 49.7 | 49.7 | |
| Factory Orders - January | 1.2% | -0.9 | |
| Durable Goods Orders | 2.0 | -2.2 | |
| Nondurable Goods Orders | 0.3 | 0.3 | |
| ISM Services Index | 53.0 | 52.8 | |
| March 6 | |||
| International Trade - January | -$93.8 | -98.4 | |
| Productivity - Q4 (r) | 1.2% | 1.2 | |
| Unit Labor Cost | 3.0% | 3.0 | |
| Initial Unemployment Claims | |||
| 0.3% | -0.5 | ||
| Wholesale Inventories - January | |||
| March 7 | |||
| Nonfarm Payrolls - February | 160K | 143 | |
| Private | 145 | 111 | |
| Manufacturing | 5 | 3 | |
| Unemployment | 4.1% | 4.0 | |
| Average Workweek | 34.2 | 34.1 | |
| Average Hourly Earnings | 0.4 | 0.5 | |
| *Core Private equals Private less Medical, Social Assistance, and Temp Services | |||
| Consumer Credit - January | 5.0B | 40.8 | |
| Week of March 10 | |||
| March 11 | |||
| NFIB Small Business Optimism Index - February | 102.0 | 102.8 | |
| JOLTS - January | 7.800M | 7.600 | |
| March 12 | |||
| Consumer Price Index - February | 0.3% | 0.5 | |
| CPI Core | 0.3 | 0.4 | |
| Treasury Budget - February | -250.0 | -128.6 | |
| March 13 | |||
| PPI | 0.3% | 0.4 | |
| PPI less food, energy and trade services | 0.3 | 0.3 | |
| March 14 | |||
| Michigan Consumer Sentiment - March (p) | 66.2 | 64.7 | |
| Year Ahead Inflation Expectations | 4.0% | 4.3 | |
More By This Author:
Economic Data Forecasts For The Weeks Of Feb. 10 And 17
Economic Data Forecasts For The Weeks Of Feb. 3 and 10
Economic Data Forecasts For The Weeks Of Jan. 27 & Feb. 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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