Economic Data Forecasts For The Weeks Of May 29 And June 2
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| Here are my forecasts for upcoming economic data. | |||
| Forecast | Prior Observation | Consensus | |
| 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 | 0.0 |
| Twenty City Y/Y | -2.5 | 0.4 | -1.6 |
| FHFA Housing Price Index - March | 0.3% | 0.5 | |
| Consumer Confidence | 101.1 | 101.3 | 99.1 |
| Dallas Fed Manufacturing Survey | -19.5 | -23.4 | |
| May 31 | |||
| Chicago PMI - May | 47.0 | 48.6 | 47 |
| JOLTS - April | 9.350M | 9.590 | 9.350 |
| June 1 | |||
| ADP Employment Report | 160K | 296 | 170 |
| Productivity - Q1 (r) | -2.5% | -2.7 | -2.6 |
| Unit Labor Costs | 6.1 | 6.3 | 6.1 |
| Initial Jobless Claims | 235K | 229 | 235 |
| PMI Manufacturing Index - May | 48.5 | 48.5 | |
| ISM (Mfg) - May | 47.1 | 47.1 | 47.0 |
| 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 | 195 |
| Private | 160 | 230 | 175 |
| Manufacturing | 8 | 11 | 8 |
| Unemployment | 3.5% | 3.4 | 3.5 |
| Average Workweek | 34.4HR | 34.4 | 34.4 |
| Average Hourly Earnings | 0.4% | 0.5 | 0.3 |
| Week of June 5 | |||
| June 5 | |||
| Factory Orders - April | 0.8% | 0.9 | |
| Durable Goods Orders | 1.1 | 3.2 | |
| Nondurable Goods Orders | 0.4 | -1.4 | |
| PMI Services Index | 55.1 | 55.1 | |
| ISM Services - May | 53.0 | 51.9 | |
| June 7 | |||
| International Trade - April | -$75.0B | -64.2 | |
| Consumer Credit - April | $20.0K | 26.5 | |
| June 8 | |||
| Wholesale Inventories - April | -0.2% | -0.2 | |
More By This Author:
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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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