Forecasts for Weeks of July 28th, August 4th

Townhall.com ^ | July 27, 2014 | Peter Morici

[Kaslin]

Here are Professor Peter Morici's forecasts for upcoming economic data.

	Forecast	Prior Observation	Consensus
Week of July 28
July 28
Pending Home Sale Index - June	103.3	103.9	104.2
Dallas Fed Manufacturing Index	13.0	11.4	12.0
July 29
S&P Case/Shiller Index - May
Twenty City Y/Y	9.9	10.8	9.9
Consumer Confidence - July	85.5	85.2	85.5
July 30
ADP Employment Report - July	236K	281	235
GDP - Q2 (a)	2.7%	-1.0	3.1
GDP Implicit Price Deflator	1.8	1.3	2.0
July 31
Initial Unemployment Claims	300K	284	305
Employment Cost Index - Q2	0.5%	0.3	0.5
Employment Cost Index - Y/Y	1.9	1.8
Chicago PMI - July	63.3	62.6	63.2
Augsut 1
Nonfarm Payrolls - July	231K	288	233
Private	236	262
Core Private*	196	218
Manufacturing	16	16	15
Unemployment	6.1%	6.1	6.1
Average Workweek	34.5HR	34.5	34.5
Average Hourly Earnings	0.2%	0.2	0.2
*Core Private equals Private less Medical, Social Assistance, and Temp Services
Auto Sales* - July	16.80M	16.99	16.70
*SAAR, as published by Motor Intelligence
Personal Income - June	0.4%	0.4	0.4
Personal Spending	0.4	0.2	0.4
PCE Price Index	0.2	0.2	0.2
Core PCE Price Index	0.1	0.2	0.1
Real Personal Spending	0.2	0.2
Markit PMI Manufacturing Index - July	57.5	57.3	56.0
ISM (Mfg) - July	55.7	55.3	56.0
ISM Prices	59.5	58.0	59.0
Construction Spending - June	0.5%	0.1	0.5
Michigan Consumer Sentiment (r)	81.7	81.3	81.5