Economic Data And Forecasts For The Weeks Of May 22 And May 29

Here are my forecasts for upcoming economic data.

       

Forecast

Prior Observation

Consensus

 

Week of May 22

       

May 22

       

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

       

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

       

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

       

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

       

May 30

       

Personal Income – April

0.4%

0.2

   

Personal Spending

0.4

0.0

             

S&P Case/Shiller Index – March

       

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

             

May 31

       

Chicago PMI – May

57.8

58.3

   

Pending Home Sale Index – April

113.0

111.4

             

June 1

       

ADP Employment Report – May

190K

177

             

Auto Sales* – May

17.1

16.88

   

Car Sales

6.4

6.42

   

Truck Sales

10.7

10.46

   

*SAAR, as published by Motor Intelligence

                 

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

       

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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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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