Economic Data Forecasts For The Weeks Of May 3 & 10
| Here are my forecasts for upcoming economic data | |||
| Forecast | Prior | ||
| Observation | |||
| Week of June 3 | |||
| June 3 | |||
| PMI Manufacturing Index - May | 50.9 | 50.9 | |
| 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 | |
| June 4 | |||
| Factory Orders - April | 0.7% | 1.6 | |
| Durable Goods Orders | 0.7 | 2.6 | |
| Nondurable Goods Orders | 0.6 | 0.6 | |
| JOLTS - April | 8.300M | 8.488 | |
| June 5 | |||
| ADP Employment Report | 167K | 192 | |
| PMI Services Index | 54.8 | 54.8 | |
| 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 | 34.3 | 34.3 | |
| Average Hourly Earnings | 0.4% | 0.2 | |
| Consumer Credit - April | $14.0B | 6.3 | |
| Week of June 10 | |||
| June 10 | |||
| June 11 | |||
| NFIB Small Business Optimism Index - May | 89.7 | 89.7 | |
| June 12 | |||
| Consumer Price Index - May | 0.1% | 0.3 | |
| Core CPI | 0.3 | 0.3 | |
| FOMC | |||
| Treasury Budget - May | -$203.00 | 209.5 | |
| June 13 | |||
| Initial Unemployment Claims | |||
| Producer Price Index - May | 0.1% | 0.5 | |
| PPI Core | 0.3 | 0.4 | |
| June 14 | |||
| Export Prices - May | -0.2% | 0.5 | |
| Import Prices | -0.2 | 0.9 | |
| Import Prices, ex-Petroleum | 0.2 | 0.7 | |
| Michigan Consumer Sentiment - June (p) | 73.0 | 69.1 | |
More By This Author:
Economic Data Forecasts For The Weeks Of May 27 & June 3
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Economic Data Forecasts For The Weeks Of May 6 & 13
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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