Economic Data Forecasts For The Weeks Of Nov. 30 And Dec. 7

Here are my forecasts for upcoming economic data.        
  Forecast   Prior Observation Consensus
Week of November 30        
November 30        
Dallas Fed Manufacturing Index 14.0   19.8  
Pending Home Sale Index - October 128.0   130.0 129.3
Chicago PMI 59.8   61.1 59.0
         
December 1        
PMI Manufacturing Index - November     56.7  
ISM (Mfg) - November 57.7   59.3 57.9
         
Construction Spending - October 0.7%   0.3 0.8
         
Auto Sales - November 16.4M   16.2  
Car Sales 3.8   3.8  
Truck Sales 12.6   12.4  
         
December 2        
ADP Employment Report - November 540K   365 400
         
         
December 3        
Initial Unemployment Claims 780K   778 770
         
PMI Services Index 57.7   57.7  
ISM Services - November 56.3   56.6 56.0
         
December 4        
Nonfarm Payrolls - November 550K   638 500
Private 650   906 598
Manufacturing 50K   38 40
Unemployment 6.9%   6.9 6.8
Average Workweek 34.8   34.8 34.8
Average Hourly Earnings 0.1   0.1 0.1
         
International Trade - October -$64.9B   -63.9 -64.8
         
Factory Orders - October 1.0%   1.1 0.8
Durable Goods Orders  1.3   1.9  
Nondurable Goods Orders  0.8   0.3  
         
Week of December 7        
December 7        
Consumer Credit - October $17.0B   16.2  
         
December 8        
NFIB Small Business Optimism Index -November 104.0   104.0  
         
Productivity - Q3 (r) 5.0%   4.9 4.9
Unit Labor Costs -8.9   -8.9 -8.8
         
December 9        
Wholesale Inventories - November (p) 0.9%   0.9  
         
December 10        
Consumer Price Index - November 0.0%   0.0 0.2
Core CPI 0.2   0.0 0.2
         
  Treasury Budget - November   -284.1  
         
  December 11      
  Producer Price Index - November   0.3 0.2
PPI less food, energy and trade services 0.2   0.2  
         
Michigan Consumer Sentiment - Dec (p) 77.0   76.9 77.0

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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