Here are my forecasts for upcoming economic data.       Forecast Prior Observation           Week of July 22       July 22       Chicago Fed National Activity Index – June 0.10 0.18   Richmond Fed Manufacturing Index -5.0 -10           July 23       Existing Home Sales – June 3.911M 4.110           July 24       PMI Manufacturing Flash Index 51.3 51.6   PMI Services Flash Index 55.5 55.3   New Home Sales – June 659K 619           July 25       GDP – Q2 (a) 2.0% 1.4   Durable Goods Orders – June 0.6% 0.1   International Trade in Goods – June -98.6 -100.6   Wholesale Inventories – June (a) 0.3% 0.6           July 26       Personal Income – June 0.4% 0.5   Personal Spending 0.3 0.2   Real Personal Spending 0.1 0.1           Michigan Consumer Sentiment Index (r) 66.0 66.0           Week of July 29       July 29       Dallas Fed Manufacturing Index -13.5 -15.1           July 30       S&P Case/Shiller Index – May       Twenty City M/M 1.0% 1.4   Twenty City M/M – SA 0.6 0.4   Twenty City Y/Y 6.8 7.2           FHFA Home Price Index – May 0.3% 0.2   Consumer Confidence – July 99.7 100.4   JOLTS – June 8.140M 8.140           July 31       ADP Employment Report – July 165K 150           Employment Cost Index – Q2 1.0% 1.2   Employment Cost Index – Y/Y 4.1 4.2           Chicago PMI – July 41.4 47.4   Pending Home Sale Index – June 73.2 70.8   FMOC 5.375% 5.375           August 1       Productivity – Q2 (p) 2.2% 0.2   Unit Labor Costs 1.1 4.0           ISM (Mfg) – July 48.6 48.5   Construction Spending – June 0.3% -0.1           Auto Sales* – July 15.9M 15.3   Car Sales 3.0 2.8   Truck Sales 12.9 12.5           August 2       Nonfarm Payrolls – July 190K 206   Private 165 136   Manufacturing 10 -8   Unemployment 4.1% 4.1   Average Workweek 34.3Hr 34.3   Average Hourly Earnings 0.3% 0.3           Factory Orders – June 0.5% -0.5   Durable Goods Orders  0.6 0.1   Nondurable Goods Orders  0.4 -1.0

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