Forecast For Economic Numbers Week of June 30th, 2014

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Forecast For Economic Numbers Week of June 30th, 2014
	Forecast	Prior Observation	Consensus
Week of June 30
June 30
Pending Home Sale Index - May	99.2	97.8	98.7
Chicago PMI - June	64.0	65.5	64.0
July 1
Auto Sales* - June	16.46M	16.77	16.40
Car Sales	7.87	8.04
Truck Sales	8.59	8.73
*SAAR, as published by Motor Intelligence
PMI Manufacturing Index - June	57.5	57.5	57.0
ISM (Mfg) - June	56.2	55.4	55.6
ISM Prices	60.5	60.0
Construction Spending - May	0.4%	0.2	0.5
July 2
ADP Employment Report - July	215	179	213
Factory Orders - May	-0.2%	0.7	-0.3
Durable Goods Orders	-1.0	0.6
Nondurable Goods Orders	0.5	0.7
July 3
Nonfarm Payrolls - June	220K	217	217
Private	220	216	216
Core Private*	185	147
Manufacturing	10	10
Unemployment	6.3%	6.3	6.3
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
International Trade - May	-$44.7B	-47.2	-45.1
Initial Jobless Claims	312	312	314
ISM Services - June	56.2	56.3	56.2
ISM Prices	61.4	61.4
ISM Business Activity	62.1	62.1
Week of July 7
July 8
NFIB Small Business Optimism Index - June	96.6
JOLTS - May	4.455
Consumer Credit - May	$18.0	26.8	20.6
July 10
Initial Unemployment Claims
Wholesale Inventories - May	0.6%	1.1	0.8
Wholesale Sales
July 11
Treasury Budget - June	$100.0B	-131.0
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

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