Economic Data Forecasts For The Weeks Of Oct. 24 And 31

 Here are my forecasts for upcoming economic data.
 
 
 
 
Forecast
Prior Observation
Consensus
Week of October 24
 
 
 
October 24
 
 
 
PMI Manufacturing Flash Index
51.8
52.0
51.0
PMI Services Flash Index
49.7
49.3
49.2
 
 
 
 
Chicago Fed National Activity Index
0.0
0.0
 
 
 
 
 
October 25
 
 
 
S&P Case/Shiller Index - August
 
 
 
Twenty City M/M
-0.7%
-0.8
 
Twenty City M/M - SA
-0.4
-0.4
 
Twenty City Y/Y
14.2
16.1
14.4
 
 
 
 
FHFA House Price Index - August
-0.7%
-0.6
 
Consumer Confidence
105.7
108.0
106.5
Richmond Fed Manufacturing Index
0.0
0.0
 
 
 
 
 
October 26
 
 
 
International Trade in Goods - September (a)
-85.3
-87.3
 
Wholesale Inventories - September (a)
1.2%
1.3
1.1
New Home Sales - September
610K
685
590
 
 
 
 
October 27
 
 
 
Initial Unemployment Claims
225K
214
223
Durable Goods Sales - September
0.5%
-0.2
0.5
 
 
 
 
GDP - Q3 (a)
2.2%
-0.6
1.8
 
 
 
 
October 28
 
 
 
Employment Cost Index - Q3
1.2%
1.3
1.2
Employment Cost Index - Y/Y
5.0
5.1
 
 
 
 
 
Personal Income - September
0.4%
0.3
0.4
Personal Spending
0.4
0.4
0.4
 
 
 
 
Michigan Consumer Sentiment Index - Oct (r)
59.8
59.8
59.8
Pending Home Sale Index - September
87.4
88.4
84`0
 
 
 
 
Week of October 31
 
 
 
Chicago PMI
50.0
45.7
 
Dallas Fed Manufacturing Index
-10.0
-17.2
 
 
 
 
 
November 1
 
 
 
PMI Manufacturing Index - October
 
 
 
ISM (Mfg) - October
50.7
50.9
 
 
 
 
 
Construction Spending - September
-0.4
-0.7
 
 
 
 
 
JOLTS - September
9.750M
10.053
 
 
 
 
 
November 2
 
 
 
Auto Sales* - October
13.5M
13.5
 
Car Sales
2.9
2.9
 
Truck Sales
10.6
10.6
 
*SAAR, as published by Motor Intelligence
 
 
 
 
 
 
 
 
 
 
 
ADP Employment Report - October
200K
208
 
FMOC
3.875%
3.125
 
 
 
 
 
November 3
 
 
 
Initial Unemployment Claims
 
 
 
 
 
 
 
Productivity - Q3 (p)
0.7%
-4.1
 
Unit Labor Costs
3.8
10.2
 
 
 
 
 
International Trade - September
-$65.8B
-67.4
 
PMI Services Index
 
 
 
ISM Services - October
56.5
56.7
 
 
 
 
 
Factory Orders - September
0.6%
0.0
 
Durable Goods Orders 
0.5
-0.2
 
Nondurable Goods Orders 
0,2
0.2
 
 
 
 
 
Novenber 4
 
 
 
Nonfarm Payrolls - October
225K
263
 
Private
200
288
 
Manufacturing
10
22
 
Unemployment
3.6%
3.5
 
Average Workweek
34.5HR
34.5
 
Average Hourly Earnings
0.3%
0,3
 
 
 
 
 

More By This Author:

Economic Data Forecasts For The Weeks Of Oct. 17 And 24
Economic Data Forecasts For The Weeks Of Oct. 10 And 17
Economic Data Forecasts For The Weeks Of Oct. 3 And 10

Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.

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.