Initial Economic Data Forecasts For The Weeks Of July 19 And 26
Here are my forecasts for upcoming economic data.
Forecast | Prior Observation | ||
Week of July 19 | |||
July 19 | |||
NAHB Index - July | 82 | 81 | |
July 20 | |||
Housing Starts - June | 1.620M | 1.572 | |
Building Permits | 1.705 | 1.683 | |
July 22 | |||
Initial Unemployment Claims | |||
Chicago Fed National Activity Index - June | 0.30 | 0.29 | |
Leading Indicators | 1.1% | 1.3 | |
Existing Home Sales - June | 5.825K | 5.800 | |
July 23 | |||
PMI Manufacturing Flash Index | 62.1 | 62.1 | |
PMI Services Flash Index | 65.1 | 64.6 | |
Week of July 26 | |||
July 26 | |||
New Home Sales - June | 800K | 769 | |
Dallas Fed Manufacturing Index | 31.1 | 31.1 | |
July 27 | |||
Durable Goods Orders - June | 1.0% | 2.3 | |
S&P Case/Shiller Index - May | |||
Twenty City M/M | 1.7 | 2.1 | |
Twenty City M/M - SA | 1.5 | 1.6 | |
Twenty City Y/Y | 16.4 | 14.9 | |
FHFA Home Price Index - May | 1.8% | 1.8 | |
Consumer Confidence - July | 128.3 | 127.3 | |
Richmond Fed Manufacturing Index | 20 | 22 | |
July 28 | |||
International Trade in Goods - June | -$89.0B | 88.1 | |
Wholesale Inventories - June (a) | 1.30% | 1.3 | |
FMOC | 0.125% | 0.125 | |
July 29 | |||
GDP - Q2 (a) | 9.2% | 6.4 | |
Pending Home Sale Index - June | 110.5 | 114.7 | |
July 30 | |||
Employment Cost Index - Q2 | 0.9% | 0.9 | |
Employment Cost Index - Y/Y | 2.70 | 2.6 | |
Personal Income - June | -0.9% | -2.0 | |
Personal Spending | 0.4 | 0.0 | |
Chicago PMI - July | 65.0 | 66.1 | |
Peter Morici is an economist and emeritus business professor at the University of Maryland, and a national columnist.