Smith Faculty Opinion Article	April 23, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Forecasts for upcoming economic data

Week of April 23 Forecast Prior

April 24
Consumer Confidence - Apr 106.6 107.2
Existing Home Sales - Mar 6.60 6.69

April 25
Durable Goods Orders - Mar 1.0% 1.7
Durables Ex Trans - Mar 0.3% -1.0
New Home Sales - Mar 1.100m 0.848

April 26
Help Wanted Index - Mar 32 31

April 27
Employment Cost Index - Q1 0.8% 0.8
GDP Advance - Q1 2.3% 2.5
GDP Deflator - Q1 2.6% 1.6
Final Sales - Q1 2.8% 3.7
Core PCE - Q1 2.3% 1.8
PCE - Q1 4.2% -1.0
Mich Cons Sentiment - Apr 84.9 85.3

Week of April 30

April 30
Personal Income - Mar 0.6% 0.6
Personal Spending - Mar 0.7% 0.6
Core PCE - Mar 0.1% 0.3
PCE - Mar 0.5% 0.4
Real Personal Consumption 0.2% 0.2
Construction Spending - Mar 0.5% 0.3

May 1
ISM - Manufacturing - Apr 51.3 50.9
Pending Home Sales - Mar 112.0 109.3
Domestic Car Sales - Mar 5.20m 5.12
Domestic Truck Sales - Mar 7.10m 7.23

May 2
Factory Orders - Mar 0.8% 1.0
Durable Goods - Mar(r) 1.0

May 3
Productivity - Mar 1.4% 1.6
ISM - Services - Apr 52.7 52.4

May 4
Non-farm Payrolls - Apr 130k 180k
Unemployment Rate - Apr 4.5% 4.4
Ave. Hourly Earnings - Apr 0.3% 0.3
Ave. Work Week - Apr 33.9 33.9

Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.