Economic Data Forecasts For The Weeks Of May 19 And 26
| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior | ||
| Observation | |||
| Week of May 19 | |||
| May 19 | |||
| Leading Indicators | -0.8% | -0.7 | |
| PMI Manufacturing Flash Index - May | 49.8 | 50.2 | |
| PMI Services Flash | 50.6 | 50.8 | |
| Existing Home Sales - April | 4.036M | 4.020 | |
| Chicago Fed National Activity Index - April | -0.3 | -0.3 | |
| May 23 | |||
| New Home Sales - April | 724K | 724 | |
| Week of May 26 | |||
| May 27 | |||
| Durable Goods Sales - April | -7.5% | 9.2 | |
| S&P Case/Shiller Index - March | |||
| Ten City M/M | |||
| Ten City Y/Y | |||
| Twenty City M/M | 1.6% | 0.7 | |
| Twenty City M/M - SA | 0.2 | 0.4 | |
| Twenty City Y/Y | 4.5 | 4.5 | |
| Third Quarter Twenty City Q/Q - SA | |||
| FHFA Housing Price Index - March | 0.1% | 0.1 | |
| Consumer Confidence | 88.0 | 86.0 | |
| Dallas Fed Manufacturing Survey | -26.1 | -35.8 | |
| May 28 | |||
| Richmond Fed Index | -9.0 | -13.0 | |
| May 29 | |||
| GDP - Q1(p) | -0.3 | -0.3 | |
| Pending Home Sale Index - April | 75.0 | 76.5 | |
| May 30 | |||
| International Trade in Goods - April | -$143.0B | 162.0 | |
| Wholesale Inventories - April (a) | 0.4% | 0.4 | |
| Personal Income - April | 0.3% | 0.5 | |
| Personal Spending | 0.2 | 0.7 | |
| Chicago PMI - May | 43.0 | 44.6 |
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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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