Economic Data Forecasts For The Weeks Of May 26 And June 2

Here are my forecasts for upcoming economic data.

	Forecast	Prior
		Observation
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

Michigan Consumer Sentiment Index - May (r)	50.8	50.8
Year Ahead Inflation	7.3%	7.3

Week of June 2
June 2
PMI Manufacturing Index - May
ISM (Mfg) - May	48.4	48.7

Construction Spending - April	0.4%	-0.5

June 3
Factory Orders - April	-3.8%	4.3
Durable Goods Orders	-7.5	9.2
Nondurable Goods Orders	0.0	-0.3

JOLTS - April	7.100M	7.192

Auto Sales* - May	16.4M	17.3
Car Sales	2.9	2.9
Truck Sales	13.5	14.4
*SAAR, as published by Motor Intelligence

June 4
ADP Employment Report	110K	62K
ISM Services - May	51.4	51.6

June 5
International Trade - April	-$120.4B	-140.5

Productivity - Q1 (r)	-0.8%	-0.8
Unit Labor Costs	5.7	5.7

June 6
Nonfarm Payrolls - May	120K	177
Private	110	167
Manufacturing	-5	-1
Unemployment	4.2%	4.2
Average Workweek	34.3HR	34.3
Average Hourly Earnings	0.20%	0.2
*Core Private equals Private less Medical, Social Assistance, and Temp Services

Consumer Credit - April	$10.2B	10.2

More By This Author: