Economic Data Forecasts For The Weeks Of February 20 And 27
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of February 20 |
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February 21 |
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PMI Manufacturing Flash Index |
54.8 |
55.0 |
55.2 |
|
February 22 |
||||
Existing Home Sales - January |
5.500M |
5.490 |
5.575 |
|
February 23 |
||||
Initial Unemployment Claims |
245K |
239 |
244 |
|
Chicago Fed National Activity Index |
0.14 |
0.14 |
||
FHFA Housing Market Index - December |
0.4% |
0.5 |
0.4 |
|
PMI Services Flash Index |
54.0 |
53.9 |
||
February 24 |
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New Home Sales - January |
572K |
536 |
576 |
|
Michigan Consumer Sentiment - February (r) |
96.0 |
95.7 |
96.0 |
|
Week of February 27 |
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February 27 |
||||
Durable Goods Orders - January |
1.5% |
-0.5 |
1.9 |
|
Pending Home Sales - January |
109.3 |
109.0 |
||
Dallas Fed Manufacturing Index |
22.1 |
22.1 |
||
February 28 |
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GDP - Q4 (p) |
2.1% |
1.9 |
2.1 |
|
GDP Implicit Price Deflator |
2.1 |
2.1 |
2.1 |
|
PCE |
2.2 |
2.2 |
2.2 |
|
S&P Case/Shiller Index - December |
||||
Twenty City M/M |
0.0% |
0.2 |
||
Twenty City M/M - SA |
0.7 |
0.9 |
||
Twenty City Y/Y |
5.3 |
5.3 |
||
Chicago PMI - February |
52.0 |
50.3 |
||
Consumer Confidence Index - February |
112.2 |
111.8 |
111.0 |
|
Richmond Fed Manufacturing Index |
10.0 |
12 |
||
March 1 |
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Auto Sales* - February |
17.9M |
17.6 |
17.5 |
|
Car Sales |
6.8 |
6.6 |
||
Truck Sales |
11.1 |
11.0 |
||
*SAAR, as published by Motor Intelligence |
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Personal Income - January |
0.3% |
0.3 |
0.3 |
|
Personal Spending |
0.3 |
0.5 |
0.3 |
|
ISM (Mfg) - February |
55.7 |
56.0 |
55.7 |
|
ISM Prices |
68.0 |
69.0 |
68.0 |
|
Construction Spending - January |
0.7% |
-0.2 |
0.6 |
|
March 3 |
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ISM Services Index |
56.5 |
56.5 |
56.3 |
|
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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