Economic Data Forecasts For The Weeks Of Oct. 31 And Nov. 7
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Here are my forecasts for upcoming economic data.
| Forecast | Prior Observation | Consensus | |
| Week of October 31 | |||
| Chicago PMI | 49.0 | 45.7 | 47.0 |
| Dallas Fed Manufacturing Index | -10 | -17.2 | |
| November 1 | |||
| PMI Manufacturing Index - October | 49.9 | 49.9 | |
| ISM (Mfg) - October | 50.3 | 50.9 | 49.5 |
| Construction Spending - September | -0.4% | -0.7 | -0.5 |
| JOLTS - September | 9.750M | 10.053 | 10.000 |
| November 2 | |||
| Auto Sales - October | 13.5M | 13.5 | |
| Car Sales | 2.9 | 2.9 | |
| Truck Sales | 10.6 | 10.6 | |
| ADP Employment Report - October | 200K | 208 | 185 |
| FOMC | 3.875% | 3.125 | |
| November 3 | |||
| Initial Unemployment Claims | 217K | 217 | 220 |
| Productivity - Q3 (p) | 1.1% | -4.1 | |
| Unit Labor Costs | 3.4 | 10.2 | |
| International Trade - September | -$72.7B | -67.4 | -72.1 |
| PMI Services Index | 46.6 | 46.6 | |
| ISM Services - October | 56.5 | 56.7 | |
| Factory Orders - September | 0.4% | 0.0 | 0.3 |
| Durable Goods Orders | 0.4 | -0.2 | |
| Nondurable Goods Orders | 0.3 | 0.2 | |
| November 4 | |||
| Nonfarm Payrolls - October | 225K | 263 | 200 |
| Private | 200 | 288 | 200 |
| Manufacturing | 10 | 22 | 15 |
| Unemployment | 3.6% | 3.5 | 3.6 |
| Average Workweek | 34.5HR | 34.5 | 34.5 |
| Average Hourly Earnings | 0.3% | 0,3 | 0.3 |
| Week of November 7 | |||
| November 7 | |||
| Consumer Credit - September | $25.0B | 32.2 | |
| November 8 | |||
| NFIB Small Business Optimism Index - September | 92.1 | 92.1 | |
| November 9 | |||
| Wholesale Inventories - September | 0.8% | 0.8 | |
| November 10 | |||
| Consumer Price Index - October | 0.8% | 0.4 | |
| Core CPI | 0.6 | 0.6 | |
| Energy | |||
| Treasury Budget - October | -$100.0B | -431.0 | |
| November 11 | |||
| Michigan Consumer Sentiment Index (p) | 60.0 | 59.9 |
More By This Author:
Economic Data Forecasts For The Weeks Of Oct. 24 And 31
Economic Data Forecasts For The Weeks Of Oct. 17 And 24
Economic Data Forecasts For The Weeks Of Oct. 10 And 17
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.
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