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]