Forecasts for the Weeks of December 29 and January 5

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Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of December 29
December 29
Dallas Fed Manufacturing Index	9.5	10.5	9.5
December 30
Twenty City M/M	0.1%	0.0
Twenty City M/M - SA	-0.8	0.3
Twenty City Y/Y	3.9	4.9
Consumer Confidence	93.5	88.7	93.0
December 31
Initial Unemployment Claims	285K	280	286
Chicago PMI	60.8	60.8	60.8
Pending Home Sale Index - November	103.8	104.1	104.6
January 1
January 2
PMI Manufacturing Index - December	54.0	54.8
ISM (Mfg) - December	57.3	58.7	57.5
ISM Prices	43.8	44.5	43.0
Construction Spending - November	0.0%	1.1	0.5
Week of January 5
January 5
Auto Sales* - December	17.11M	17.20	16.9
Car Sales	8.08	8.18
Truck Sales	9.03	9.03
*SAAR, as published by Motor Intelligence
January 6
PMI Services Index	53.0	53.6
ISM Services - December	58.0	59.3	58.2
ISM Prices	54.5	54.5
ISM Business Activity	64.4	64.0
Factory Orders - November	-0.2%	-0.7	0.3
Durable Goods Orders	-0.7	-0.7
January 7
ADP Employment - December	205K	208	226
International Trade - November	-$41.0B	43.4	-41.8
FMOC
January 8
Consumer Credit - November	$15.0B	13.2	15.0
January 9
Nonfarm Payrolls - December	215K	321	240
Private	205	314	235
Manufacturing	7	28	15
Unemployment	5.8%	5.8	5.7
Average Workweek	0.2	0.4	0.2
Average Hourly Earnings	34.5HR	34.6	34.6
Wholesale Inventories - November	0.2%	0.4	0.2
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.