Here are my forecasts for upcoming economic data.       Forecast Prior Observation Consensus Week of December 25       December 26       Richmond Fed Manufacturing Index 20.0 30.0 23.0         December 27       S&P Case/Shiller Index – October       Twenty City M/M 0.0% 0.4   Twenty City M/M – SA 0.7 0.5 0.6 Twenty City Y/Y 6.2 6.2 6.3         Consumer Confidence 128.1 129.5 128.0 Pending Home Sale Index – November 109.3 109.3 110.0         December 28       International Trade in Goods – November -$67.6B -68.3 -67.6 Initial Unemployment Claims 240K 245 240 Wholesale Inventories (a) – November 0.4% -0.5   Business Inventories (a) – November 0.3 -0.1           December 29       Chicago PMI 61.6 68.9 63.0         Week of January 1       January 2       PMI Manufacturing Index – December 55.0 55.0           January 3       ISM (Mfg) – December 58.2 58.2           Construction Spending – December 0.7% 1.4           Auto Sales* – December 15.5M 17.53   *SAAR, as published by Motor Intelligence               January 4       Initial Unemployment Claims 240K 245   ADP Employment – December 200K 190   PMI Services Index – December 52.4 52.4           January 5       ISM Services – December 57.6 57.4           Nonfarm Payrolls – December 210K 228   Private 205 221   Manufacturing 25 31   Unemployment 4.1% 4.1   Average Workweek 34.5Hr 34.5   Average Hourly Earnings 0.2% 0.2           International Trade – November -$48.1B -47.4                   Factory Orders – November 0.8% 0.1   Durable Goods Orders  1.3 1.3   Nondurable Goods Orders  0.4 0.7      
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