Economic Data Forecasts For The Weeks Of Oct. 3 And 10
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Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
Week of October 3 |
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October 3 |
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PMI Manufacturing Index |
51.5 |
51.8 |
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ISM (Mfg) - Sept |
52.4 |
52.8 |
52.8 |
ISM Prices |
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Construction Spending - August |
-0.2% |
-0.4 |
-0.3 |
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Auto Sales - September |
13.4M |
13.2 |
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Car Sales |
2.9 |
2.9 |
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Truck Sales |
10.5 |
10.3 |
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October 4 |
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Factory Orders - August |
0.0% |
1.0 |
0.3 |
Durable Goods Orders |
-0.2 |
-0.1 |
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Nondurable Goods Orders |
0.2 |
-1.9 |
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JOLTS - August |
11.000M |
11.239 |
10.650 |
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October 5 |
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International Trade - August |
-$67.3B |
-70.6 |
-68.0 |
ADP Employment Report - September |
220K |
132 |
205 |
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PMI Services Index |
49.3 |
49.3 |
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ISM Services - September |
56.5 |
56.9 |
56.0 |
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October 6 |
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Initial Unemployment Claims |
203K |
193 |
203 |
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October 7 |
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Nonfarm Payrolls - September |
250K |
315 |
250 |
Private |
220 |
308 |
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Manufacturing |
20 |
22 |
20 |
Unemployment |
3.6% |
3.7 |
3.7 |
Average Workweek |
34.5HR |
34.5 |
34.5 |
Average Hourly Earnings |
0.3% |
0.3 |
0.3 |
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Wholesale Inventories - August |
1.3% |
1.3 |
1.3 |
Consumer Credit - August |
25K |
23.8 |
25.0 |
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Week of October 10 |
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October 11 |
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NFIB Small Business Optimism Index - September |
91.8 |
91.8 |
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October 12 |
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Producer Price Index - September |
0.3% |
-0.1 |
0.2 |
PPI Core (less food, energy and trade services) |
0.4 |
0.2 |
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Treasury Budget - September |
-$25.0B |
-219.6 |
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October 13 |
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Consumer Price Index - September |
0.2% |
0.1 |
0.2 |
Core CPI |
0.4 |
0.6 |
0.5 |
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October 14 |
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Retail Sales - September |
0.2% |
0.3 |
0.2 |
Retail Sales, ex Autos |
0.1 |
-0.3 |
0.0 |
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Export Prices - September |
-1.2% |
-1.6 |
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Import Prices |
-1.2 |
-1.0 |
-1.2 |
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Business Inventories - August |
0.9% |
0.6 |
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Michigan Consumer Sentiment - October (p) |
58.8 |
58.6 |
59.0 |
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More By This Author:
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Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.