Forecast

Prior Observation

Consensus

Week of May 22

May 22

May 23

PMI Manufacturing Flash Index - May

50.0

50.2

50.0

PMI Services Flash 

52.6

53.6

52.6

New Home Sales - April

650K

683

663

Richmond Fed Index

-8.0%

-10

Kansas City Fed Manufacturing 

May 25

GDP - Q1(p)

1.1%

1.1

1.1

Initial Unemployment Claims

244K

242

250

Chicago Fed National Activity Index - April

-0.29

-0.19

Pending Home Sale Index - April

81.0

78.9

May 26

Durable Goods Sales - April

-1.2%

3.2

-1.0

International Trade in Goods - April

-$85.6B

-84.6

Wholesale Inventories (a) - April

0.0%

0.0

0.0

Personal Income - April

0.4%

0.3

0.4

Personal Spending

0.3

0.0

0.4

Michigan Consumer Sentiment Index - May (r)

57.7

57.7

57.9

Week of May 29

May 30

S&P Case/Shiller Index - March

Twenty City M/M

0.2%

0.2

Twenty City M/M - SA

-0.8

0.1

Twenty City Y/Y

-2.5

0.4

FHFA Housing Price Index - March

0.3%

0.5

Consumer Confidence

100.8

101.3

Dallas Fed Manufacturing Survey

-19.5

-23.4

May 31

Chicago PMI - May

47.0

48.6

JOLTS - April

9.350M

9.590

June1

ADP Employment Report

160K

296

Productivity - Q1 (r)

-2.7

-2.7

Unit Labor Costs

6.3

6.3

ISM (Mfg) - May

47.1%

47.1

Construction Spending - April

0.3%

0.3

Auto Sales - May

15.3M

15.9

Car Sales

3.2

3.3

Truck Sales

12.1

12.6

June 2

Nonfarm Payrolls - May

180K

253

Private

160

230

Manufacturing

8

11

Unemployment

3.5%

3.4

Average Workweek

34.4HR

34.4

Average Hourly Earnings

0.4%

0.5