Economic Data And Forecasts For The Weeks Of August 20 And August 27

Here are my forecasts for upcoming economic data.

       

Forecast

Prior Observation

   

Week of August 20

       

August 22

       

Existing Home Sales – July

5.509M

5.380

5.425

           

August 23

       

Initial Unemployment Claims

215K

212

215

 

FHFA Home Price Index – June

0.5%

0.2

0.3

           

PMI Manufacturing Flash Index

55.3

55.3

55.2

 

PMI Services Flash

57.0

56.0

56.0

           

New Home Sales – July

649K

631

648

 

Kansas City Fed Manufacturing Index

25

23

             

August 24

       

Durable Goods Sales – July

0.3%

0.8

-0.2

           

Week of August 27

       

August 27

       

Chicago Fed National Activity Index – July

0.35

0.43

   

Dallas Fed Manufacturing Index

28.0

32.3

             

August 28

       

International Trade in Goods – July

-$69.5B

-68.3

   

Wholesale Inventories – July (a)

0.1%

0.1

             

S&P Case/Shiller Index – June

       

Twenty City M/M

0.3%

0.2

   

Twenty City M/M – SA

0.8

0.7

   

Twenty City Y/Y

6.6

6.5

             

Consumer Confidence – August

127.4

127.4

   

Richmond Fed Manufacturing Index

19.0

20.0

             

August 29

       

GDP – Q2 (p)

4.0%

4.1

   

GDP Price Deflator

3.0

3.0

             

Pending Home Sales Index – July

107.0

106.9