Here are my forecasts for upcoming economic data.       Forecast Prior Observation   May 23       Initial Unemployment Claims 215K 222   Chicago Fed National Activity Index – April 0.15 0.15           PMI Manufacturing Flash Index – May 51.0 50.0   PMI Services Flash  52.3 51.3           New Home Sales – April 675K 693           May 24       Durable Goods Sales – April 1.0% 2.6   Michigan Consumer Sentiment Index – May (r) 67.8 67.4           Week of May 27       May 27               May 28       S&P Case/Shiller Index – March       Twenty City M/M 1.5% 0.9   Twenty City M/M – SA 0.3 0.6   Twenty City Y/Y 7.3 7.3           FHFA Housing Price Index – March 0.5% 1.2   Consumer Confidence 97.0 97.0   Dallas Fed Manufacturing Survey 14.5 -14.5           May 29       Richmond Fed Index -7 -7           May 30       Initial Jobless Claims       International Trade in Goods – April (a) -$92.3B -91.8   Wholesale Inventories – April (a) -0.1 -0.4   GDP – Q1(p) 1.6% 1.6   Pending Home Sale Index – April 77.8 78.2           May 31       Personal Income – April 0.3% 0.5   Personal Spending 0.5 0.8           Chicago PMI – May 40.0 37.9           Week of June 3       June 3       ISM (Mfg) – May 50.0 49.2   Construction Spending – April 0.2% -0.2                   Auto Sales – May 15.7M 15.7   Car Sales 3.0 3.1   Truck Sales 12.7 12.7           June4       Factory Orders – April 0.8% 1.6   Durable Goods Orders  1.0 2.6   Nondurable Goods Orders  0.6 0.6           JOLTS – April 8.300M 8.488           June 5       ADP Employment Report 167K 192           ISM Services – May 50.0 49.4           June 6       International Trade – April -$69.0B -69.4           Productivity – Q1 (r) 0.3% 0.3   Unit Labor Costs 4.7 4.7           June 7       Nonfarm Payrolls – May 180K 175   Private 155 167   Manufacturing 10 8   Unemployment 3.9% 3.9   Average Workweek 34.3HR 34.3   Average Hourly Earnings 0.4% 0.2           Consumer Credit – April $14.0B 6.3

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