Economic Data Forecasts For The Weeks Of May 27 & June 3

Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation
May 23
Initial Unemployment Claims	215K	222
Chicago Fed National Activity Index - April	0.15	0.15

PMI Manufacturing Flash Index - May	51.0	50.0
PMI Services Flash	52.3	51.3

New Home Sales - April	675K	693

May 24
Durable Goods Sales - April	1.0%	2.6
Michigan Consumer Sentiment Index - May (r)	67.8	67.4

Week of May 27
May 27

May 28
S&P Case/Shiller Index - March
Twenty City M/M	1.5%	0.9
Twenty City M/M - SA	0.3	0.6
Twenty City Y/Y	7.3	7.3

FHFA Housing Price Index - March	0.5%	1.2
Consumer Confidence	97.0	97.0
Dallas Fed Manufacturing Survey	14.5	-14.5

May 29
Richmond Fed Index	-7	-7

May 30
Initial Jobless Claims
International Trade in Goods - April (a)	-$92.3B	-91.8
Wholesale Inventories - April (a)	-0.1	-0.4
GDP - Q1(p)	1.6%	1.6
Pending Home Sale Index - April	77.8	78.2

May 31
Personal Income - April	0.3%	0.5
Personal Spending	0.5	0.8

Chicago PMI - May	40.0	37.9

Week of June 3
June 3
ISM (Mfg) - May	50.0	49.2
Construction Spending - April	0.2%	-0.2


Auto Sales - May	15.7M	15.7
Car Sales	3.0	3.1
Truck Sales	12.7	12.7

June4
Factory Orders - April	0.8%	1.6
Durable Goods Orders	1.0	2.6
Nondurable Goods Orders	0.6	0.6

JOLTS - April	8.300M	8.488

June 5
ADP Employment Report	167K	192

ISM Services - May	50.0	49.4

June 6
International Trade - April	-$69.0B	-69.4

Productivity - Q1 (r)	0.3%	0.3
Unit Labor Costs	4.7	4.7

June 7
Nonfarm Payrolls - May	180K	175
Private	155	167
Manufacturing	10	8
Unemployment	3.9%	3.9
Average Workweek	34.3HR	34.3
Average Hourly Earnings	0.4%	0.2

Consumer Credit - April	$14.0B	6.3

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