MNI Survey of US Economic Forecasts: Nov 20 - Nov 21

                      Nov 20    Nov 20    Nov 21     Nov 21     Nov 21    Nov 21

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

                                         Initial    Durable    Durable  Existing

                     Housing  Building   Jobless  Goods New      Goods      Home

                      Starts   Permits    Claims     Orders  Ex. Trans     Sales

                                          Nov 17

Data For                 Oct       Oct        wk        Oct        Oct       Oct

Denomination               M         M         K       % Ch       % Ch         M

Median Forecast

**                     1.230     1.260       215       -2.5        0.3      5.18

High Forecast          1.267     1.267       220       -0.1        0.9      5.30

Low Forecast           1.180     1.181       210       -4.9       -0.3      5.10

Mean                   1.224     1.248       215       -2.7        0.3       5.2

Standard

Deviation                0.0       0.0       3.0        1.3        0.3       0.1

No. of Responses          11         6         6         11          9        10

Amherst Pierpont       1.240        NA     210.0       -4.9        0.3      5.25

BMO                    1.180     1.260        NA       -2.5        0.4      5.25

Capital Economics      1.200        NA        NA       -4.5        0.2      5.20

CIBC                   1.252     1.267        NA       -3.2        0.5        NA

FT Advisors            1.267        NA     215.0       -2.8        0.9      5.30

Goldman Sachs          1.233     1.260     215.0       -3.5        0.1      5.13

Morgan Stanley         1.215     1.181        NA       -0.1        0.3      5.12

Natwest                1.195        NA     213.0       -2.0         NA      5.10

Nomura                 1.230        NA        NA       -2.3        0.2      5.10

UBS                    1.230     1.260     220.0       -1.5       -0.3      5.16

UMaryland              1.225     1.260     215.0       -2.5         NA      5.25

** 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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