Preliminary Economic Data Forecast For The Next Two Weeks
Here are my forecasts for upcoming economic data. | |||
Forecast | Prior Observation | ||
Week of May 17 | |||
May 17 | |||
NY Fed Manufacturing Index | 23.0 | 26.3 | |
NAHB Index - May | 84 | 83 | |
May 18 | |||
Housing Starts - April | 1.720M | 1.739 | |
Building Permits | 1.780 | 1.766 | |
May 20 | |||
Philadelphia Fed Survey | 45 | 50.2 | |
Leading Indicators | 1.3% | 1.3 | |
May 21 | |||
PMI Manufacturing Flash Index - May | 60.5 | 60.5 | |
PMI Services Flash | 64.7 | 64.7 | |
Existing Home Sales - April | 5.900M | 6.010 | |
Week of May 24 | |||
May 24 | |||
Chicago Fed National Activity Index - April | 1.00 | 1.71 | |
May 25 | |||
S&P Case/Shiller Index - March | |||
Twenty City M/M | 0.6% | 1.2 | |
Twenty City M/M - SA | 1.4 | 1.2 | |
Twenty City Y/Y | 11.3% | 11.9 | |
FHFA Housing Price Index - March | 1.0% | 0.9 | |
Consumer Confidence | 120.0 | 121.7 | |
New Home Sales - April | 950K | 1021K | |
Richmond Fed Index | 19 | 17 | |
May 27 | |||
Durable Goods Sales - April | 1.0% | 0.8 | |
GDP - Q1 (p) | 6.4% | 6.4 | |
Pending Home Sale Index - April | 113.4 | 111.3 | |
May 28 | |||
International Trade in Goods - April | -$93.5 | -90.6 | |
Wholesale Inventories (a) - April | 1.2% | 1.3 | |
Personal Income - April | -14.0% | 21.1 | |
Personal Spending | 1.0 | 4.2 | |
Chicago PMI - May | 70.0 | 72.1 | |
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.