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 | |
More By This Author:
Economic Data Forecasts For The Weeks Of May 20 & 27Economic Data Forecasts For The Weeks Of May 6 & 13
Economic Data Forecasts For The Weeks Of April 29 & May 6
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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