Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Week of May 29

May 30

Personal Income - April

0.4%

0.2

0.4

Personal Spending

0.5

0.0

0.4

S&P Case/Shiller Index - March

Twenty City M/M

0.4%

0.4

0.4

Twenty City M/M - SA

0.8

0.7

0.8

Twenty City Y/Y

5.3

5.9

5.8

Consumer Confidence

119.7

120.3

119.0

Dallas Fed Manufacturing Survey

17.2

16.8

15.4

May 31

Chicago PMI - May

57.8

58.3

57.5

Pending Home Sale Index - April

112.3

111.4

112.0

June 1

Initial Jobless Claims

235K

238

239

ADP Employment Report - May

190K

177

170

Auto Sales* - May

17.0

16.88

16.9

Car Sales

6.4

6.42

Truck Sales

10.7

10.46

*SAAR, as published by Motor Intelligence

Productivity - Q1 (r)

-0.1%

-0.6

-0.6

Unit Labor Costs

2.5

3.0

2.9

PMI Manufacturing Index - May

53.0

52.5

53.0

ISM (Mfg) - May

55.0

54.8

54.6

Construction Spending - April

0.5%

-0.2

0.5

June 2

Nonfarm Payrolls - May

195K

211

185

Private

188

194

172

Manufacturing

5

6

5

Unemployment

4.4%

4.4

4.4

Average Workweek

34.4HR

34.4

34.4

Average Hourly Earnings

0.2%

0.3

0.2

International Trade - April

-$45.8B

-43.7

-46.1

Week of June 5

June 5

Factory Orders - April

-0.2%

0.2

Durable Goods Orders

-0.7

0.9

Nondurable Goods Orders

0.4

-0.5

PMI Services Index

54.0

54.0

ISM Services - May

57.5

57.5

June 7

Consumer Credit - April

$17.0B

16.4

June 9

Wholesale Inventories - April

-0.3%

0.2