Economic Data And Forecasts For The Weeks Of May 22 And May 29
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of May 22 |
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May 22 |
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Chicago Fed National Activity Index - April |
0.10 |
0.08 |
0.10 |
|
May 23 |
||||
New Home Sales - April |
600K |
621 |
604 |
|
Richmond Fed Manufacturing Survey |
17 |
20 |
15 |
|
May 24 |
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FHFA Housing Price Index - March |
0.5% |
0.8 |
0.5 |
|
Existing Home Sales - April |
5.600M |
5.710 |
5.710 |
|
PMI Manufacturing Flash Index |
53.1 |
52.8 |
53.1 |
|
PMI Services Flash - April |
53.1 |
53.1 |
53.1 |
|
May 25 |
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Initial Unemployment Claims |
238K |
232 |
237 |
|
International Trade in Goods - March |
-$65.0B |
-64.8 |
-64.7 |
|
Kansas City Fed Manufacturing Index |
7 |
7 |
7 |
|
May 26 |
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Durable Goods Sales - April |
-1.0% |
0.9 |
-0.9 |
|
GDP - Q1 (p) |
0.8% |
0.7 |
0.8 |
|
GDP Implicit Price Deflator |
2.3 |
2.3 |
2.3 |
|
Michigan Consumer Sentiment Index - May (r) |
97.7 |
97.7 |
97.6 |
|
Week of May 29 |
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May 30 |
||||
Personal Income - April |
0.4% |
0.2 |
||
Personal Spending |
0.4 |
0.0 |
||
S&P Case/Shiller Index - March |
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Twenty City M/M |
0.4% |
0.4 |
||
Twenty City M/M - SA |
0.8 |
0.7 |
||
Twenty City Y/Y |
5.3 |
5.9 |
||
Consumer Confidence |
119.7 |
120.3 |
||
Dallas Fed Manufacturing Survey |
17.2 |
16.8 |
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May 31 |
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Chicago PMI - May |
57.8 |
58.3 |
||
Pending Home Sale Index - April |
113.0 |
111.4 |
||
June 1 |
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ADP Employment Report - May |
190K |
177 |
||
Auto Sales* - May |
17.1 |
16.88 |
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Car Sales |
6.4 |
6.42 |
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Truck Sales |
10.7 |
10.46 |
||
*SAAR, as published by Motor Intelligence |
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Productivity - Q1 (r) |
-0.5% |
-0.6 |
||
Unit Labor Costs |
2.9 |
3.0 |
||
ISM (Mfg) - May |
55.8 |
54.8 |
||
Construction Spending - April |
0.7% |
-0.2 |
||
June 2 |
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Nonfarm Payrolls - May |
195K |
211 |
||
Private |
190 |
194 |
||
Manufacturing |
6 |
|||
Unemployment |
4.4% |
4.4 |
||
Average Workweek |
34.4HR |
34.4 |
||
Average Hourly Earnings |
0.3% |
0.3 |
||
International Trade - April |
-$44.1B |
-43.7 |
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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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