MNI Survey of US Economic Forecasts: Dec 14

                        Dec 14       Dec 14

-------------------------------------------

                      Capacity     Business

                       Utilizn  Inventories

Data For                   Nov          Oct

Denomination                 %         % Ch

Median Forecast **        78.7          0.6

High Forecast             78.8          0.7

Low Forecast              78.5          0.6

Mean                      78.7          0.6

Standard Deviation         0.1          0.0

No. of Responses             9            3

Amherst Pierpont          78.5           NA

BMO                       78.6          0.6

Capital Economics         78.7           NA

CIBC                      78.8           NA

Goldman Sachs             78.8           NA

Natwest                   78.7           NA

RBC                       78.7           NA

SocGen                      NA           NA

UBS                       78.6          0.7

UMaryland                 78.5          0.6

** Note: The survey median is compiled solely from the forecasts listed above

and is not intended to represent a market consensus.

--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com

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