Forecasts for the Weeks of March 4 and 11
Here are the forecasts for upcoming economic data.
|
Forecast |
Prior Observation |
Consensus |
||
| Week of March 4 |
|
|
|
|
| March 5 |
|
|
|
|
| ISM Services – February |
54.5 |
55.2 |
55.0 |
|
| ISM Prices |
58.0 |
58.0 |
56.0 |
|
| ISM Business Activity |
55.5 |
56.4 |
|
|
|
|
|
|
||
| IDB/TIPP Economci Optimism |
46.0 |
47.3 |
|
|
|
|
|
|
||
| March 6 |
|
|
|
|
| ADP Employment Report – February |
150K |
192 |
173 |
|
|
|
|
|
||
| Factory Orders – January |
-2.6% |
1.8 |
-2.2 |
|
| Durable Goods Orders |
-5.5 |
4.3 |
|
|
| Nondurable Goods Orders |
-0.1 |
-0.3 |
|
|
|
|
|
|
||
| March 7 |
|
|
|
|
| International Trade – January |
-$43.5B |
-38.5 |
-43.0 |
|
| Initial Jobless Claims |
355K |
344 |
355 |
|
|
|
|
|
||
| Productivity – Q(4) – revised |
-1.8% |
-2.0 |
-1.6 |
|
| Unit Labor Cost |
4.3 |
4.5 |
4.4 |
|
|
|
|
|
||
| Consumer Credit – January |
$14.5B |
14.6 |
14.5 |
|
|
|
|
|
||
| March 8 |
|
|
|
|
|
|
|
|
||
| Nonfarm Payrolls – February |
156K |
157 |
171 |
|
| Private |
166 |
166 |
|
|
| Core Private* |
108 |
146 |
|
|
| Manufacturing |
18 |
28 |
8 |
|
| Unemployment |
7.9% |
7.9 |
7.8 |
|
| Average Workweek |
34.3Hr |
34.4 |
34.4 |
|
| Average Hourly Earnings |
0.2% |
0.2 |
0.2 |
|
| *Core Private equals Private less Medical, Social Assistance, and Temp Services |
|
|||
|
|
|
|
||
|
|
|
|
||
| Wholesale Inventories – January |
0.4% |
-0.1 |
0.3 |
|
| Wholesale Sales |
0.4 |
0.0 |
0.2 |
|
|
|
|
|
||
| Week of March 11 |
|
|
|
|
| March 12 |
|
|
|
|
| Treasury Budget – February |
-$239.0B |
2.9 |
|
|
|
|
|
|
||
| March 13 |
|
|
|
|
| Retail Sales – February |
-0.6% |
0.1 |
0.3 |
|
| Retail Sales, ex Autos |
-0.7 |
0.2 |
0.3 |
|
| Retail Sales, Autos |
|
-0.1 |
|
|
|
|
|
|
||
| Export Prices – February |
-0.3% |
0.3 |
0.3 |
|
| Import Prices |
0.2 |
0.6 |
0.5 |
|
| Import Prices, Ex-Petroleum |
-0.1 |
0.1 |
|
|
|
|
|
|
||
| Business Inventories – January |
0.40% |
0.1 |
0.3 |
|
|
|
|
|
||
| March 14 |
|
|
|
|
| Initial Unemployment Claims |
355K |
|
|
|
| Current Account – Q4 |
-$114.0B |
-107.5 |
-112.5 |
|
|
|
|
|
||
| Producer Price Index – February |
1.8% |
0.2 |
0.7 |
|
| PPI Core |
0.2 |
0.2 |
0.2 |
|
|
|
||||
| March 15 |
|
|||
| Consumer Price Index – February |
0.6% |
0.0 |
0.4 |
|
| CPI Core |
0.2 |
0.3 |
0.2 |
|
|
|
|
|
||
| NY Fed Manufacturing Index |
5.0 |
10.04 |
9.0 |
|
|
|
||||
| Industrial Production – February |
0.2% |
-0.1 |
0.2 |
|
| Capacity Utilizaqtion |
79.2 |
79.1 |
79.2 |
|
| Peter Morici is a professor at the University of Maryland Smith School of Business and former Chief Economist at the U.S. International Trade Commission. | ||||
Any opinions, news, research, analysis, prices, or other information contained in this article is provided as general market commentary, and does not constitute investment advice. Commoditiesforexnews.com and author will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Talking Technical – GBPUSD Bringing Facts to Bear on Budget Decisions
