Economic Data And Forecasts For The Weeks Of September 24 And October 1

Here are my forecasts for upcoming economic data.

     
 

Forecast

Prior Observation

Consensus

 

Week of September 24

       

September 25

       

Chicago Fed National Manufacturing Index - August

0.20

0.13

0.20

 

Dallas Fed Manufacturing Index

29.0

30.9

31.2

 
         

September 25

       

S&P Case/Shiller Index - July

       

Twenty City M/M

0.5%

0.5

0.5

 

Twenty City M/M - SA

0.1

0.1

0.1

 

Twenty City Y/Y

6.3

6.3

6.3

 

Third Quarter Twenty City Q/Q - SA

       
         

FHFA Home Price Index - July

0.3%

0.2

0.3

 

Consumer Confidence - September

131.7

133.4

131.7

 

Richmond Fed Manufacturing Index

19

24

20

 
         

September 26

       

New Home Sales - August

630K

627

630

 

 

       
         

September 27

       

Initial Unemployment Claims

305K

201

210

 
         

GDP - Q2

4.2%

4.2

4.3

 

GDP Implicit Price Deflator

3.0

3.0

3.0

 
         

International Trade in Goods - August

-72.0

-72.2

-70.8

 

Wholesale Inventories - August (p)

0.3%

0.6

0.2

 
         

Pending Home Sale Index - Aug

106.2

106.2

106.4

 
         

September 28

       

Personal Income - August

0.4%

0.3

0.4

 

Personal Spending

0.4

0.4

0.3

 
         

Chicago PMI - September

62.0

63.6

62.0

 

Michigan Consumer Sentiment - Sept (r)

100.8

100.8

108.0

 
         

Week of October 1

       

October 1

       

ISM (Mfg) - Sept

59.8

61.3

   
         

Construction Spending - August

0.5%

0.1

   
         

October 2

       

Auto Sales* - September

16.9M

16.72

   

Car Sales

5.2

5.14

   

Truck Sales

11.7

11.58

   

*SAAR, as published by Motor Intelligence

       
         

October 3

       

ADP Employment Report - September

195K

163

   

ISM Services - September

58.0

58.5

   
         

October 4

       

Factory Orders - August

0.8%

-0.8

   

Durable Goods Orders

1.5

-1.7

   

Nondurable Goods Orders

0.3

0.2

   
         

October 5

       

Nonfarm Payrolls - September

195K

201

   

Private

190

204

   

Manufacturing

10

-3

   

Unemployment

3.9%

3.9

   

Average Workweek

34.5HR

34.5

   

Average Hourly Earnings

0.2%

0.4

   
         

International Trade - August

-$49.7B

-50.1

   

Consumer Credit - August

$15.0B

16.6

   
     

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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