Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of July 22

July 22

Chicago Fed National Activity Index - June

0.1

-0.05

0.0

July 23

FHFA Home Price Index - May

0.3%

0.4

0.3

Existing Home Sales - June

5.330M

5.340

5.340

Richmond Fed Manufacturing Index

5

3

5

July 24

PMI Manufacturing Flash Index

51.5

50.6

50.8

PMI Services Flash Index

52.0

51.5

51.4

New Home Sales - June

645K

626

655

July 25

Initial Unemployment Claims

216K

216

210

Durable Goods Orders - June

0.8%

-1.3

0.7

International Trade in Goods - June

-$72.6B

-74.6

-72.5

Wholesale Inventories - June (a)

0.2%

0.4

0.2

Kansas City Fed Manufacturing Index

2

0

July 26

GDP - Q2 (a)

2.2%

3.1

1.9

Week of July 29

July 29

Dallas Fed Manufacturing Index

-6.0

-12.1

July 30

Personal Income - June

0.3%

0.5

Personal Spending

0.3

0.4

PCE Price Index

0.1

0.2

Core PCE Price Index

0.3

0.2

S&P Case/Shiller Index - May

Twenty City M/M

0.6%

0.8

Twenty City M/M - SA

0.2

0.0

Twenty City Y/Y

2.4

2.5

Consumer Confidence - July

126.5

121.5

Pending Home Sale Index - June

105.0

105.4

July 31

ADP Employment Report - July

160K

102

Employment Cost Index - Q2

0.7%

0.7

Employment Cost Index - Y/Y

2.9

2.8

Chicago PMI - July

51.0

49.7

FMOC

2.13%

2.375

August 1

ISM (Mfg) - July

52.0

51.7

Construction Spending - June

0.3%

-0.8

August 2

Nonfarm Payrolls - July

160K

224

Private

150

191

Manufacturing

10

17

Unemployment

3.6%

3.7

Average Workweek

34.4HR

34.4

Average Hourly Earnings

0.2%

0.2

Auto Sales* - July

17.2M

17.3

Car Sales

4.9

4.9

Truck Sales