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US Data: Highlights of Forecasts for Economic Indicators

Repeats Story Initially Transmitted at 14:15 GMT Sep 3/10:15 EST Sep 3
     WASHINGTON (MNI) - The following are highlights of market expectations for
upcoming U.S. economic indicators. 
Construction Spending for July (percent change)
 Tuesday, September 3 at 10:00 a.m. ET                       Actual:        
                         Median                        Jul19 Jun19  May19   
Spending                 +0.3%                          --   -1.3%  -0.5% 
     ISM Manufacturing (index)
 Tuesday, September 3 at 10:00 a.m. ET                      Actual:           
                         Median                       Aug19 Jul19  Jun19
 Manufacturing            51.2                          --   51.2    52.0
        Comments:  Despite a lagging manufacturing sector amid trade headwinds,
ISM Manufacturing is expected to remain steady at 51.2. 
     Trade Balance (billions)                          
 Wednesday, September 4 at 8:30 a.m. ET                     Actual:     
              Median                                 Jul19  Jun19  May19
 Balance       -54.3                                  --    -55.2  -55.3
     Comments: The trade deficit may narrow a tad, with analysts anticipating a
-54.3 billion gap in July. Global trade conditions are uncertain but appear
resilient in the face of continued tariffs.  
     ADP Payrolls (thousands)
 Thursday, September 5 at 8:15 a.m. ET                     Actual:        
                 Median                               Aug19 Jul19  Jun19
 Payrolls         150                                   --    156    112
     Jobless Claims (thousands)
 Thursday, September 5 at 10:00 a.m. ET                     Actual:        
              Median                                Aug31   Aug24  Aug17  
 Claims          215                                   --     211    222
          Comments: Jobless claims are expected to rise slightly to 215k.
Continued low levels of claims suggest solid employment growth in August. 
     Nonfarm Productivity (percent change)
 Thursday, September 5 at 8:30 a.m. ET                     Actual:        
              Median                                 Q219a  Q219p  Q119a
Productivity    +2.2%                                 --   +2.3%   +3.5%
Labor Costs     +2.5%                                 --   +2.4%   +5.5%
      Comments: Nonfarm productivity is expected to be revised down from a
preliminary 2.3%, while labor costs are expected to move higher to 2.5% from
2.4%.
     New Factory Orders (percent)
 Thursday, September 5 at 10:00 a.m. ET                     Actual:        
              Median                                July19  Jun19   May19
Orders         +1.0%                                 --     +0.6%   -1.3%
ex. trans       N/A                                  --     +0.1%   +0.0%
     ISM Non-Manufacturing (index)
 Thursday, September 5 at 10:00 a.m. ET                     Actual:        
              Median                                 Aug19  July19  Jun19    
Non-Mfg        54.0                                   --      53.7   55.1 
     Comments: Non-manufacturing ISM is anticipated to increase by 0.3 pp in
August on the strength of the consumer. Analysts expect some downside risks in
future months. 
     Nonfarm Payrolls 
Friday, September 6 at 8:30 a.m. ET                         Actual:        
                              Median                Aug19   July19  Jun19  
 Payrolls                     168k                    --     164k    193k
 Unemp. Rate                   3.7%                   --      3.7%   3.7% 
 Hourly Earnings              +0.3%                   --     +0.3%  +0.3% 
 Workweek Hours               34.4                    --     34.4   34.4  
        Comments: Nonfarm payrolls are expected to remain steady at 168k for
August. That should help stabilize the unemployment rate at 3.7%, despite
slowdowns in the manufacturing sector. Hourly earnings are projected to increase
by 0.3% again, and 
workweek hours to stay at 34.4. 
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE]
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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