Here are my forecasts for upcoming economic data.
Forecast
Prior Observation
Week of August 20
August 22
Existing Home Sales – July
5.509M
5.380
5.425
August 23
Initial Unemployment Claims
215K
212
215
FHFA Home Price Index – June
0.5%
0.2
0.3
PMI Manufacturing Flash Index
55.3
55.3
55.2
PMI Services Flash
57.0
56.0
56.0
New Home Sales – July
649K
631
648
Kansas City Fed Manufacturing Index
25
23
August 24
Durable Goods Sales – July
0.3%
0.8
-0.2
Week of August 27
August 27
Chicago Fed National Activity Index – July
0.35
0.43
Dallas Fed Manufacturing Index
28.0
32.3
August 28
International Trade in Goods – July
-$69.5B
-68.3
Wholesale Inventories – July (a)
0.1%
0.1
S&P Case/Shiller Index – June
Twenty City M/M
0.3%
0.2
Twenty City M/M – SA
0.8
0.7
Twenty City Y/Y
6.6
6.5
Consumer Confidence – August
127.4
127.4
Richmond Fed Manufacturing Index
19.0
20.0
August 29
GDP – Q2 (p)
4.0%
4.1
GDP Price Deflator
3.0
3.0
Pending Home Sales Index – July
107.0
106.9
