Economic Data Forecasts For The Weeks Of Sept 30 And Oct 7

 

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of September 30

       

September 30

       

Dallas Fed Manufacturing Index

2.7

2.7

1.0

 

Chicago PMI - September

50.6

50.4

50.4

 
         

October 1

       

PMI Manufacturing Index

51.0

51.0

51.0

 

ISM (Mfg) - Sept

50.6

49.1

50.0

 
         

Construction Spending - August

0.4%

0.1

0.3

 
         

October 2

       

ADP Employment Report - September

140K

195

152

 
         

Auto Sales - September

17.1M

17.0

17.0

 

Car Sales

4.7

4.6

   

Truck Sales

12.4

12.3

   
         

October 3

       

Initial Unemployment Claims

215K

213

215

 
         

PMI Services Index

50.9

50.9

50.9

 

ISM Services - September

56.0

56.4

55.4

 
         

October 4

       

International Trade - August

-$54.4B

-54.0

-54.5

 
         

Factory Orders - August

0,2%

1.4

   

Durable Goods Orders

0.2

2.0

   

Nondurable Goods Orders

0.3

0.8

   
         

October 5

       

Nonfarm Payrolls - September

140K

130

145

 

Private

130

96

135

 

Core Private*

       

Manufacturing

4

3

3

 

Unemployment

3.7%

3.7

3.7

 

Average Workweek

34.4HR

34.4

34.4

 

Average Hourly Earnings

0.3%

0.4

0.3

 

*Core Private equals Private less Medical, Social Assistance, and Temp Services

 
         

Week of October 7

       

October 7

       

Consumer Credit - August

$14.0B

23.5

   
         

October 8

       

NFIB Small Business Optimisim Index - September

102.5

103.1

   
         

Producer Price Index - September

0.1%

0.1

   

PPI Core (less food, energy and trade services)

0.2

0.4

   
         

October 9

       

JOLTS - August

5.100M

5.211

   

Wholesale Inventories - August

0.4%

0.4

   
         

October 10

       

Consumer Price Index - September

0.1%

0.1

   

Core CPI

0.2

0.3

   
         

Treasury Budget - September

$106.0B

-200.3

   
         

October 11

       

Export Prices - September

0.0%

-0.6

   

Import Prices

0.1

-0.5

   

Import Prices, ex-Energy

-0.2

0.0

   
         

Michigan Consumer Sentiment - October (p)

93.2

93.2

   
 

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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