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:
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Economic Data Forecasts For The Weeks Of May 5 And 12
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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