Economic Data Forecasts For The Weeks Of Oct. 21 & 28

By Peter Morici
Saturday, October 19, 2024 8:10 PM EDT
 
Here are my forecasts for the upcoming economic data.      
    Prior  
  Forecast Observations  
       
Week of October 21      
October 21      
Leading Indicators  -0.3 -0.2  
       
October 22      
Richmond Fed Manufacturing Index -15 -21  
       
October 23      
Existing Home Sales - September 3.800M 3.860  
       
October 24      
Chicago Fed National Activity Index 0.5 0.12  
       
New Home Sales - September 716K 716  
       
October 25      
Durable Goods Sales - September -1.0% 0.0  
Michigan Consumer Sentiment Index - Oct (r) 68.9 68.9  
       
Week of October 28      
October 28      
Dallas Fed Manufacturing Index -9.0 -9.0  
       
October  29      
International Trade in Goods - September (a) -94.1 -94.3  
Wholesale Inventories - September (a) 0.0% 0.1  
       
S&P Case/Shiller Index - August      
Twenty City M/M -0.3% 0.0  
Twenty City M/M - SA 0.4 0.3  
Twenty City Y/Y 5.2 5.9  
       
FHFA House Price Index - August 0.2% 0.1  
Consumer Confidence 99.3 98.7  
JOLTS - September 7.900 8.040  
       
October 30      
ADP Employment Report - October 115K 143  
       
GDP - Q3 (a) 3.0% 3.0  
       
October 31      
Employment Cost Index - Q3 1.0% 0.9  
Employment Cost Index - Y/Y 4.1 4.1  
       
Personal Income - September 0.4% 0.2  
Personal Spending 0.2 0.2  
PCE Price Index 0.2 0.1  
Core PCE Price Index 0.3 0.1  
       
Novenber 1      
Nonfarm Payrolls - October 140K 254  
Private 115 223  
Manufacturing -30 -7  
Unemployment 4.1% 4.1  
Average Workweek 34.2HR 34.2  
Average Hourly Earnings 0.3% 0.4  
       
Auto Sales - October 15.7M 15.1  
Car Sales 3.0 2.9  
Truck Sales 12.7 12.3  

More By This Author:

Economic Data Forecasts For The Weeks Of Oct. 7 & 14
Economic Data Forecasts For The Weeks Of Sept. 30 & Oct. 7
Economic Data Forecasts For The Weeks Of Sept. 23 & 30

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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