Economic Data Forecasts For The Weeks Of October 28 And November 4
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of October 28 |
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October 28 |
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International Trade in Goods - September (a) |
-73.5 |
-72.8 |
-73.5 |
|
Wholesale Inventories - September (a) |
0.30% |
0.2 |
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Chicago Fed National Activity Index |
0.10 |
0.10 |
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Dallas Fed Manufacturing Index |
2.0 |
1.5 |
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October 29 |
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S&P Case/Shiller Index - August |
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Twenty City M/M |
0.40% |
0.1 |
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Twenty City M/M - SA |
-0.1 |
0.0 |
0.1 |
|
Twenty City Y/Y |
2.4 |
2.0 |
2.1 |
|
Third Quarter Twenty City Q/Q - SA |
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Consumer Confidence |
127.0 |
125.1 |
128.6 |
|
Pending Home Sale Index - September |
107.3 |
107.3 |
107.1 |
|
October 30 |
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ADP Employment Report - October |
95 |
135 |
139 |
|
GDP - Q3 (a) |
1.8% |
2.0 |
1.7 |
|
GDP Implicit Price Deflator |
1.8 |
1.8 |
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FOMC |
1.625% |
1.875 |
1.625 |
|
October 31 |
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Initial Unemployment Claims |
215K |
212 |
215 |
|
Personal Income - September |
0.3% |
0.4 |
0.3 |
|
Personal Spending |
0.3 |
0.3 |
0.2 |
|
Employment Cost Index - Q3 |
0.6% |
0.6 |
0.7 |
|
Employment Cost Index - Y/Y |
2.7 |
2.7 |
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Chicago PMI |
47.6 |
47.1 |
48.0 |
|
November 1 |
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Nonfarm Payrolls - October |
100K |
136K |
93 |
|
Private |
90 |
114 |
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Manufacturing |
-50 |
-2 |
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Unemployment |
3.5% |
3.5 |
3.6 |
|
Average Workweek |
34.4HR |
34.4 |
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Average Hourly Earnings |
0.2% |
0.0 |
0.2 |
|
PMI Manufacturing Index - October |
51.5 |
51.5 |
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ISM (Mfg) - October |
48.0 |
47.8 |
46.5 |
|
Construction Spending - September |
0.2% |
0.1 |
0.2 |
|
Week of November 4 |
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November 4 |
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Factory Orders - September |
-0.5% |
-0.1 |
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Durable Goods Orders |
-1.1 |
0.2 |
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Nondurable Goods Orders |
0.2 |
-0.3 |
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Auto Sales* - September |
17.0 |
17,2 |
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Car Sales |
4.7 |
4.7 |
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Truck Sales |
12.3 |
12..6 |
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*SAAR, as published by Motor Intelligence |
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November 5 |
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International Trade - September |
-$55.4B |
-54.9 |
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PMI Services Index |
51.0 |
51.0 |
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ISM Services - October |
53.5 |
52.6 |
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JOLTS - September |
7.03M |
7.051 |
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November 6 |
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Productivity - Q3 (p) |
0.6% |
2.3 |
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Unit Labor Costs |
2.4 |
2.6 |
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November 7 |
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Consumer Credit - September |
$17.0B |
17.9 |
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November 8 |
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Michigan Consumer Sentiment Index (p) |
96.5 |
95.5 |
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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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