Forecasts For The Weeks Of January 1st And 8th

Peter Morici
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Posted: Jan 02, 2018 9:17 AM
Forecasts For The Weeks Of January 1st And 8th
Here are   my forecasts for upcoming economic data.

ForecastPrior Observation
Week of   January 1

January 2

PMI   Manufacturing Index - December55.055.0



January 3

ISM (Mfg)   - December58.058.2
ISM   Prices




Construction   Spending - December0.7%1.4



Auto   Sales* - December17.5M17.53
*SAAR, as   published by Motor Intelligence




January 4

Initial   Unemployment Claims238K245
ADP   Employment - December200K190
PMI   Services Index - December52.452.4



January 5

ISM   Services - December57.657.4



Nonfarm   Payrolls - December210K228
Private205221
Core   Private*

Manufacturing2931
Unemployment4.1%4.1
Average   Workweek34.5Hr34.5
Average   Hourly Earnings0.2%0.2
*Core   Private equals Private less Medical, Social Assistance, and Temp Services



International   Trade - November-$49.9B-47.4






Factory   Orders - November0.9%0.1
Durable   Goods Orders 1.31.3
Nondurable   Goods Orders 0.40.7



Week of   January 8

January 8

Consumer   Credit - November$19.5B20.5



January   10

Export   Prices - December0.1%0.5
Import   Prices_ December0.10.7



Wholesale   Inventories - November0.7%0.7



January   11

Initial   Unemployment Claims




Producer   Price Index - December0.1%0.4
Core PPI   (PPI ex Food, Energy, Trade Services)0.20.4



Treasury   Budget - December-$54.0B-138.5



January   12

Consumer   Price Index - December0.1%0.4
Core CPI0.20.1



Retail   Sales - December0.4%0.8
Retail   Sales, ex autos0.51.0
Retail   Sales, ex autos and gasoline0.60.8



Business   Inventories - November0.3%-0.1