Here are my forecasts for upcoming economic data.

Forecast

Prior Observation

Consensus

Week of October 22

October 22

Chicago Fed National Activity Index

0.18

0.18

0.18

October 23

Richmond Fed Manufacturing Index

24

29

24

October 24

FHFA House Price Index - August

0.3%

0.2

0.3

PMI Manufacturing Flash Index

55.3

55.6

55.5

PMI Services Flash Index

53.1

53.5

54.0

New Home Sales - September

620K

629

625

October 25

Initial Unemployment Claims

210K

210

212

Durable Goods Sales - September

-2.0%

4.4

-1.4

International Trade in Goods - September

-74.2

-75.8

-74.4

Wholesale Inventories - September (a)

0.3%

1.0

0.4

Pending Home Sale Index - September

103.5

104.2

104.2

October 26

GDP - Q3 (a)

3.2%

4.2

3.3

Michigan Consumer Sentiment Index - October (r)

99.0

99.0

99.0

Week of October 29

October 30

Personal Income - September

0.3%

0.3

Personal Spending

0.4

0.3

Dallas Fed Manufacturing Index

28.1

28.1

October 30

S&P Case/Shiller Index - August

Twenty City M/M

0.4%

0.3

Twenty City M/M - SA

0.0

0.1

Consumer Confidence

136.5

138.4

October 31

ADP Employment Report - October

195K

230.0

Employment Cost Index - Q3

0.8%

0.6

Employment Cost Index - Y/Y

2.8

2.8

Chicago PMI

60.4

60.4

November 1

Auto Sales* - September

17.2M

17.4

Car Sales

5.2

5.2

Truck Sales

12.0

12.2

*SAAR, as published by Motor Intelligence

Productivity - Q3 (p)

1.9%

2.9

Unit Labor Costs

1.6

-1.0

PMI Manufacturing Index - October

ISM (Mfg) - October

59.4

59.8

Construction Spending - September

0.5%

0.1

November 2

Nonfarm Payrolls - October

200K

134

Private

195

121

Manufacturing

22

18

Unemployment

3.7%

3.7

Average Workweek

34.5HR

34.5

Average Hourly Earnings

0.2%

0.3

International Trade - September

-$51.4B

-53.2

Factory Orders - September

-0.9%

2.3

Durable Goods Orders

-2.0

Nondurable Goods Orders

0.2

0.2