Economic Data Forecasts For The Weeks Of October 28 And November 4

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of October 28

       

October 28

       

International Trade in Goods - September (a)

-73.5

-72.8

-73.5

 

Wholesale Inventories - September (a)

0.30%

0.2

   

Chicago Fed National Activity Index

0.10

0.10

   

Dallas Fed Manufacturing Index

2.0

1.5

   
         

October 29

       

S&P Case/Shiller Index - August

       

Twenty City M/M

0.40%

0.1

   

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

       
         

Consumer Confidence

127.0

125.1

128.6

 

Pending Home Sale Index - September

107.3

107.3

107.1

 
         

October 30

       

ADP Employment Report - October

95

135

139

 
         

GDP - Q3 (a)

1.8%

2.0

1.7

 

GDP Implicit Price Deflator

1.8

 

1.8

 
         

FOMC

1.625%

1.875

1.625

 
         

October 31

       

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

   
         

Chicago PMI

47.6

47.1

48.0

 
         

November 1

       

Nonfarm Payrolls - October

100K

136K

93

 

Private

90

114

   

Manufacturing

-50

-2

   

Unemployment

3.5%

3.5

3.6

 

Average Workweek

34.4HR

34.4

   

Average Hourly Earnings

0.2%

0.0

0.2

 
         

PMI Manufacturing Index - October

51.5

51.5

   

ISM (Mfg) - October

48.0

47.8

46.5

 
         

Construction Spending - September

0.2%

0.1

0.2

 
         

Week of November 4

       

November 4

       

Factory Orders - September

-0.5%

-0.1

   

Durable Goods Orders

-1.1

0.2

   

Nondurable Goods Orders

0.2

-0.3

   
         

Auto Sales* - September

17.0

17,2

   

Car Sales

4.7

4.7

   

Truck Sales

12.3

12..6

   

*SAAR, as published by Motor Intelligence

       
         

November 5

       

International Trade - September

-$55.4B

-54.9

   
         

PMI Services Index

51.0

51.0

   

ISM Services - October

53.5

52.6

   
         

JOLTS - September

7.03M

7.051

   
         

November 6

       

Productivity - Q3 (p)

0.6%

2.3

   

Unit Labor Costs

2.4

2.6

   
         

November 7

       

Consumer Credit - September

$17.0B

17.9

   
         

November 8

       

Michigan Consumer Sentiment Index (p)

96.5

95.5

   
         
 

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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