Economic Data Forecasts For The Weeks Of November 29 And December 6
Here are my forecasts for upcoming economic data. | |||
Forecast | Prior Observation | ||
Week of November 29 |
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November 29 |
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Dallas Fed Manufacturing Index |
14.60 |
14.6 |
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Pending Home Sale Index - October |
117.0 |
116.7 |
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November 30 |
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S&P Case/Shiller Index - September |
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Twenty City M/M |
1.0% |
0.9 |
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Twenty City M/M - SA |
1.0 |
1.2 |
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Twenty City Y/Y |
19.3 |
19.7 |
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FHFA Housing Price Index - Sept |
1.0% |
1.0 |
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Consumer Confidence - November |
109.8 |
113.8 |
110.7 |
Chicago PMI |
68.4 |
68.4 |
68.4 |
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December 1 |
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ADP Employment Report - November |
420K |
571 |
480 |
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PMI Manufacturing Index - November |
59.1 |
59.1 |
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ISM (Mfg) - November |
60.8 |
60.8 |
61.0 |
Construction Spending - October |
0.8% |
-0.5 |
0.6 |
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Auto Sales - November |
13.1M |
13.1 |
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Car Sales |
2.8 |
2.6 |
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Truck Sales |
10.3 |
10.4 |
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December 2 |
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Initial Unemployment Claims |
225K |
199 |
250 |
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December 3 |
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Nonfarm Payrolls - November |
480K |
531 |
500 |
Private |
460 |
604 |
483 |
Manufacturing |
50 |
60 |
48 |
Unemployment |
4.5% |
4.6 |
4.5 |
Average Workweek |
34.7HR |
34.7 |
34.7 |
Average Hourly Earnings |
0.4% |
0.4 |
0.4 |
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PMI Services Index - November |
57.0 |
57.0 |
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ISM Services - November |
66.7 |
66.7 |
65.5 |
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Factory Orders - October |
0.2% |
0.2 |
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Durable Goods Orders |
-0.5 |
-0.3 |
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Nondurable Goods Orders |
0.8 |
0.8 |
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Week of December 6 |
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December 6 |
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December 7 |
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International Trade - October |
-$65.4B |
-80.9 |
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Productivity - Q3 (r) |
-4.0%% |
-5.0 |
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Unit Labor Costs |
7.3 |
8.3 |
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Consumer Credit - October |
$25.0B |
29.9 |
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December 8 |
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JOLTS-October |
10.438B |
10.438 |
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December 9 |
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Initial Unemployment Claims |
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Wholesale Inventories - October (p) |
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2.2 |
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Wholesale Sales |
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December 10 |
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Consumer Price Index - November |
0.5% |
0.9 |
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Core CPI |
0.3 |
0.6 |
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Energy |
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4.8 |
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Treasury Budget - November |
-$195.0B |
-165.1 |
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Michigan Consumer Sentiment - Dec (p) |
67.4 |
67.4 |
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.