Smith Faculty Opinion Article	August 17, 2007
By Dr. Peter Morici, Professor of International Business E-MAIL WEB SITE

Forecast

Previous Period August 17

Mich Cons Sentiment - Aug (p) 87.5 90.4

Week of August 20

August 23
Leading Indicators 0.2% -0.3

Initial Jobless Claims 316k 322

August 24
Durable Goods Orders - July 1.0% 1.4
New Home Sales - July 0.817m 0.832

Week of August 27

August 27
Existing Home Sales - July 5.785 5.750

August 28
Consumer Confidence - Aug 105.0 112.6
FMOC Minutes

August 29
GDP Q2 - Preliminary 3.3% 3.4
GDP Deflator 2.7% 2.7
PCE Price 4.3% 4.3
Core PCE 1.4% 1.4

August 30
Help Wanted Index - July 25 26

August 31
Personal Income - July 0.3% 0.4
Per Con Expenditures 0.3% 0.1
PCE Deflator 0.1% 0.3
Core PCE Deflator 0.2% 0.1
Real Per Consumption 0.2% 0.0

Chicago PMI - August 55.5 53.4

Factory Orders - July 0.7% 0.6
Durable Goods Orders 1.0% 1.3
Nondurable Goods Orders 0.5% -0.1

Week of September 3

September 4
Construction Spending - Aug 0.3 -0.3

ISM Index - August 53.0 53.8
ISM Prices 64.0 65.0

September 5
Pending Home Sales - July 101 102.4

Auto Sales (SAAR) - August 15.97m 15.28
Car Sales 7.58m 7.19
Truck Sales 8.39m 8.09

ADP Employment August 100 48

September 6
Productivity (r) - Q2 1.8% 1.8
Unit Labor Cost 2.1 2.1

ISM Services - August 54.5 55.8
ISM Services - Prices 60.0 61.3

September 7
Non-farm Payrolls - August 120k 92
Unemployment Rate 4.6% 4.6
Ave. Hourly Earnings 0.3% 0.3
Ave. Work Week 33.8 33.8

Wholesale Inventories 0.5% 0.5
Wholesale Sales 1.0% 0.6

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