Economic Data Forecasts For The Weeks Of July 29 & Aug. 5 -

Economic Data Forecasts For The Weeks Of July 29 & Aug. 5

Jul 28, 2024Jeremy ParkinsonFinance, No picture0

Here are my forecasts for upcoming economic data. Forecast Prior Observation July 25 Initial Unemployment Claims 240K 243 GDP – Q2 (a) 2.0% 1.4 GDP Implicit Price Deflator 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 PMI Manufacturing Index – July 49.5 49.5 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 34.3 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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