US Data: Highlights of Market Estimates of Economic Forecasts

     WASHINGTON (MNI) - The following are highlights of forecasts for 

upcoming U.S. economic indicators provided by Bloomberg estimates. The comment

section presents the key elements behind the median forecasts. 

     Jobless Claims (thousands)

Thursday, November 14th at 8:30 a.m. ET                     Actual:        

               Median                                    Nov9   Nov2  Oct26

Claims          215k                                      --    211k   219k

        Comments: Filings for jobless claims is projected to return to the

average of 215,000 after a low reading of 211,000 in the prior week and a high

219,000 the week before. 

     October Final Demand Producer Price Index (percent change)

Thursday, November 14th at 8:30 a.m. ET                            Actual:      

                          Median                            Oct19  Sep19  Aug19 

PPI                        0.3                               --    -0.3    0.1

ex. food & energy          0.2                               --    -0.3    0.2

ex. food, energy & trade   0.2                               --     0.0    0.4

        Comments: The October PPI is expected to rebound after a dismal

September. The headline figure is anticipated to move up to 0.3% after -0.3%,

excluding food and energy will receive a 0.2% reading after -0.3%, and excluding

food, energy and trade is slated to rise to 0.2% after a flat reading. Analysts

report that these boosts are driven by service industries, particularly the

construction sector. 

     October Retail Sales (percent change)

Friday, November 15th at 8:30 a.m. ET                            Actual:        

                          Median                             Oct19  Sep19  Aug19

Retail Sales               0.2                                --    -0.3    0.4

ex. mtr veh                0.4                                --    -0.1    0.0

ex. mtr veh & gas          0.3                                --     0.0    0.1

        Comments: Retail sales measures are expected to jump considerably, with

a headline figure moving to 0.2% from -0.3%, but held down by declines in auto

sales. Excluding motor vehicles, the figure is projected to move to 0.4% from

-0.1%, and further excluding gas is anticipated to jump to 0.3% from 0.0 in

September.  

     October Imports & Exports Price Index (index)

Friday, November 15th at 8:30 a.m. ET                            Actual:        

                          Median                              Oct19  Sep19 Aug19

Imports                   -0.2                                 --     0.2   -0.5

     Exports                   -0.1                                 --    -0.2  

-0.6     

        Comments: The Imports Price Index is anticipated to fall to -0.2% from

0.2% in September. Exports are projected to improve slightly to -0.1 from -0.2

in September. 

     November Empire Manufacturing Index(index)

Friday, November 15th at 8:30 a.m. ET                            Actual:        

                          Median                              Nov19  Oct19 Sep19

Index                     6.0                                 --     4.0    2.0 

        Comments: The Empire Manufacturing Index is expected to rise for the

third consecutive month, moving to 6.0 from 4.0, and 2.0 prior to that. 

     Industrial Production (percent change)

Friday, November 15th at 9:15 a.m. ET                             Actual:       

                            Median                            Oct19  Sep19 Aug19

Ind. Prod                     -0.4                             --    -0.4    0.8

Cap. Util                    77.0                              --    77.5   77.9

        Comments: October Industrial production and capacity utilization are

expected to be weighed by the GM strike, with industrial production falling

-0.4%, and capacity utilization dropping to 77.0% from 77.5%. 

     September Business Inventories 

Friday, November 15th at 10:00 a.m. ET                            Actual:       

                          Median                              Sep19  Aug19 Jul19

Inventories                 0.1                                --     0.0   0.4 

        Comments: Business Inventories are expected to tick up slightly in

September, moving to a 0.1% reading after a flat August reading. This small

uptick coincides with similar reading in the Small Business index, underscoring

investor confidence.

--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com

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