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. 

Trade in Goods and Services for November (deficit, billion $) 

 Tuesday, January 7 at 8:30 a.m. ET                              Actual: 

               Median                                      Nov19  Oct19   Sep19 

Trade Gap     -$45.0b                                       --  -$47.2b -$51.1b

     Comments: The international trade gap is expected to narrow to $45.0

billion in November from $47.2 billion in October.

ISM Non-manufacturing Index for December

 Tuesday, January 7 at 10:00 a.m. ET                            Actual: 

               Median                                     Dec19  Nov19  Oct19 

ISM NMI         54.5                                         --   53.9   54.7

     Comments: The Institute for Supply Management's monthly non-manufacturing

index is expected to have risen in December, with markets predicting a 0.6

percentage-point increase to 54.5 from 53.9 in November.

Factory Orders for October (percent change) 

 Tuesday, January 7 at 10:00 a.m. ET                            Actual: 

               Median                                      Nov19  Oct19  Sep19

New Orders      -0.6%                                         --   0.3%  -0.8%

Ex-Transport       --                                         --   0.2%  -0.3%

     Comments: Factory orders are expected to fall -0.6% after a 0.3% increase

in October.

ADP Private Payrolls for December(change in thousands) 

 Wednesday, January 8 at 8:15 a.m. ET                           Actual: 

               Median                                     Dec19  Nov19  Oct19 

Payrolls       +165k                                         --    67k   125k

     Comments: ADP private payrolls is expected to gain 165,000 in December, an

increase following November's 67k increase. 

Consumer Credit for November (dollar change, billions) 

 Wednesday, January 8 at 3:00 p.m. ET                             Actual: 

               Median                                       Nov19  Oct19  Sep19 

Cons Cred     +$13.3b                                        --     18.9    9.5

     Comments: Consumer credit use is expected to rise by $13.3 billion in

November after a $18.9 billion gain in October.

Weekly Jobless Claims

 Thursday, January 9 at 8:30 a.m. ET                         Actual: 

                  Median:                               Jan04 Dec28 Dec21

Initial Claims     220K                                    --  222k  235k

     Comments: Weekly jobless claims are expected to reach 220K for the week

ending January 4, down slightly from 222k for the week ending December 28.

Nonfarm Payrolls for December(change in thousands) 

 Friday, January 10 at 8:30 a.m. ET                                Actual: 

               Median                                     Dec19  Nov19  Oct19   

Payrolls        163k                                         --   266k   156k

Private Jobs    155k                                         --   254k   163k

Jobless Rate    3.5%                                         --   3.5%   3.6%

Hrly Earnings   0.3%                                         --   0.2%   0.4%

Avg Wkly Hrs    34.4                                         --   34.4   34.4

     Comments: U.S. employment growth likely slowed in December to 163k from

November's 266k surge, which was inflated by a 54k increase in manufacturing

jobs following the GM-UAW strike that ended Oct. 29.

Wholesale Trade for November(percent change) 

 Friday, January 10 at 10:00 a.m. ET                            Actual: 

               Median                                Nov19  Oct19  Sep19

Sales           0.2%                                    --   0.1%  -0.7% 

     Comments: Wholesale sales are expected to rise 0.2% after adding 0.1% in

October. 

--MNI Washington Bureau; +86 (10) 8532-5998; email: ryan.hauser@marketnews.com

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