Smith Faculty Opinion Article	April 27, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Economic Forecasts for the Week of April 30

Week of April 30

April 30
Personal Income - Mar 0.6% 0.6
Personal Spending - Mar 0.6% 0.6
Core PCE - Mar 0.1% 0.3
PCE - Mar 0.5% 0.4
Real Per Consumption - Mar 0.2% 0.2
Chicago PMI 56.0 61.7
Construction Spending - Mar 0.5% 0.3

May 1
ISM - Manufacturing - Apr 51.5 50.9
Pending Home Sales - Mar 110.0 109.3
Domestic Car Sales - Apr 5.20m 5.12
Domestic Truck Sales - Apr 7.10m 7.23

May 2
Factory Orders - Mar 1.6% 1.0
Durable Goods - Mar(r) 3.4
ADP Employment 110 106

May 3
Productivity - Q1(p) 1.0% 1.6
ISM - Services - Apr 52.7 52.4
Initial Jobless Claims 325k 321
Continuing Claims 2.55m 2.59

May 4
Non-farm Payrolls - Apr 120k 180k
Unemployment Rate - Apr 4.5% 4.4
Ave. Hourly Earnings - Apr 0.3% 0.3
Ave. Work Week - Apr 33.9 33.9

Week of May 7

May 7
Consumer Credit - Mar $5.5b 3.0

May 8
Wholesale Inventories - Mar 0.4% 0.5
Import Prices 0.9% 1.7
Export Prices 0.4% 0.7

May 10
Internatonal Trade - Mar -$62.0b -58.4

May 11
Producer Prices - Apr 1.0% 1.0
Core PPI - Apr 0.2% 0.0

Retail Sales - Apr 0.5% 0.7
Retail Sales, Ex Autos -Apr 0.6% 0.8

Business Inventories - Mar 0.4% 0.3

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