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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. 
     Empire Manufacturing Index (index)
 Wednesday, January 15 at 8:30 a.m. ET                           
                                                             Actual:        
                     Median:                           Jan20  Dec19  Nov19
Index                    3.6                              --    3.5    2.9   
     Comments: The Empire Manufacturing Index is expected to show a stabilizing
manufacturing sector for the region, rising slightly to 3.6 in another month of
growth.
Philadelphia Fed Manufacturing Index (index)
 Thursday, January 16 at 8:30 a.m. ET                        Actual:        
               Median:                                  Jan20  Dec19  Nov19
Index             3.6                                      --    2.4   10.4 
     Comments: The Philadelphia Fed Manufacturing Index is expected climb to 3.6
in January from 2.4 in December. 
Retail Sales (percent change) 
 Thursday, January 16 at 8:30 a.m. ET                      Actual:              
                  Median:                            Dec19  Nov19  Oct19 
Retail Sales       +0.3%                                --  +0.2%  +0.4% 
Retail ex mv       +0.5%                                --  +0.1%  +0.3% 
Retail ex mv+gas   +0.4%                                --   flat  +0.2% 
Comments: U.S. retail sales should rise 0.3% in December, outpacing a 0.2% gain
in November. Vehicle sales dropped off this month after rising 0.5% in November,
which will likely hold down headline sales. But gas prices, which rose in
December, could offset some of that drag. Excluding motor vehicle sales, retail
sales are expected to rise 0.5% after a 0.1% increase in November. A solid
December jobs report, despite a slight deceleration in wage gains, and improving
consumer confidence should support another positive month for retailers.
Import/Export Prices for December (percent change)
 Thursday, Jan. 16 at 8:30 a.m. ET                         Actual:
                    Median:                         Dec19   Nov19  Oct19    
Import Price Index    +0.3%                            --   +0.2%  -0.5%  
Export Price Index    +0.1%                            --   +0.2%  -0.1%  
     Comments: The import price index is expected to increase +0.3% while the
export price index is expected to rise by +0.1%, the second straight month of
increases for both indices. 
Weekly Jobless Claims (thousands)
 Thursday, Jan. 16 at 8:30 a.m. ET                     
                                                              Actual: 
                         Median:                         Jan11 Jan04 Dec28
Initial Claims             218K                             --  214K  222K
     Comments: Weekly jobless claims are expected to stay relatively level at
218K for the week ending January 11. 
Business Inventories for November(percent change) 
 Thursday, Jan. 16 at 10:00 a.m. ET                           Actual:
                 Median:                                Nov19  Oct19  Sep19 
Inventories       -0.2%                                    --  +0.2%  -0.1%
     Comments: Business inventories for November are expected to decrease by
-0.2%.
NAHB Home Builder Index (index)
 Thursday, Jan. 16 at 10:00 a.m. EST                         Actual:
                       Median:                          Jan20  Dec19  Nov19
Index                      74                              --     76     71   
     Comments:  The National Home Builder Index is slated to drop slightly to
74. 
Housing Starts & Building Permits (millions)                   
 Friday, Jan. 17 at 8:30 a.m. ET                             Actual:
                         Median:                        Dec19  Nov19  Oct19   
Starts                   1.380m                            -- 1.365m  1.314  
Permits                  1.460m                            -- 1.482m  1.461  
     Comments: Housing Starts & Building Permits are expected to remain
relatively steady at 1.380m and 1.460m, respectively.
Industrial Production (percent change)
 Friday, Jan. 17 at 9:15 a.m. ET                             
                                                             Actual:        
                          Median                        Dec19  Nov19  Oct19 
Ind. Prod.                 -0.2%                           --  +1.1%  -0.9% 
Cap. Util.                 77.0%                           --  77.3%  76.6%  
     Comments: Industrial production is expected to fall by -0.2% in December
with capital utilization staying nearly flat at 77.0%.
University of Michigan Survey for January (preliminary) 
 Friday, Jan. 17 at 10:00 a.m. ET                            Actual: 
                          Median                       Jan20p  Dec19  Nov19
Consumer Sent               99.3                           --   99.3   96.8
     Comments: The Michigan Sentiment index for December is expected to remain
unchanged at 99.3.
--MNI Washington Bureau; +86 (10) 8532-5998; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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