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 ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
