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US Data: Highlights of Market Survey of Economic Forecasts

MNI (London)
     WASHINGTON (MNI)  - The following are highlights of forecasts and comments
for upcoming U.S. economic indicators, with the survey medians provided by
Bloomberg.
September Trade Gap (billions)
Monday, October 28 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Sep19  Aug19 Jul19     
Gap:                -73.5                              --    -72.8 -72.3 
     Comments: The trade gap is expected to widen in September to -73.5 from the
-72.8 seen in August. This increase comes amid continuous global trade tensions.
September Wholesale Inventory (percent change)
Monday, October 28 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Sep19  Aug19 Jul19     
Wholesale:           0.3                               --     0.2   0.2
     Comments: Wholesale inventories are expected to rise slightly to 0.3% from
0.2%. 
October Dallas Fed Manufacturing Index (index)
Monday, October 28 at 10:30 a.m. EST                         
                                                             Actual:
                    Median                           Oct19  Sep19  Aug19      
Index:               1.5                               --    1.5    2.7
     Comments: The Dallas Fed Manufacturing Index is poised to remain unchanged
from the September reading of 1.5. 
August Case-Shiller Home Price Index (index)
Tuesday, October 29 at 9:00 a.m. EST                         
                                                             Actual:
                    Median                             Aug19 Jul19 Jun19     
Index:              -0.05                               --   0.02   n/a
     Comments: The August Case-Shiller Home Price Index is expected to decrease
to -0.05 from 0.02. 
September NAR Pending Home Sales Index
Tuesday, October 29 at 10:00 a.m. EST                         
                                                             Actual:
                    Median                            Sep19  Aug19 Jul19     
Index:               0.5                                --    1.9   -2.5
     Comments: The NAR Pending Home Sales is anticipated to drop to 0.5 from a
1.9 reading in August. This is still higher than July's reading of -2.5.
October Conference Board Confidence Index (index)
Tuesday, October 29 at 10:00 a.m. EST                         
                                                             Actual:
                    Median                            Oct19 Sep19  Aug19      
Index:               128                               --   125.1  135.1  
     Comments: The Conference Board Confidence index is expected to rise to 128
from 125.1 despite a looming global business slowdown. 
September ADP Private Payrolls (thousands)
Wednesday, October 30 at 8:15 a.m. EST                         
                                                             Actual:
                    Median                           Sep19  Aug19 July19     
Payrolls:           125                              --     135      156
     Comments: September ADP Private payrolls are expected to fall to 125,000 
from 135,000 in August. 
Q3 Preliminary GDP (percent change)
Wednesday, October 30 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19p  Sepf  Sepp    
Index:               1.6                               --    2.0    2.1
Price index:         1.8                               --    2.4    2.2
     Comments: The preliminary third quarter GDP is expected to soften to 1.6 
from 2.0. The Price index is slated to follow suit, dropping to 1.8 from 
2.4. These slowdowns come amid low business spending, manufacturing 
slowdowns, and declining consumer spending.  
September PCE (percent change)
Thursday, October 31 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                           Sep19  Aug19 July19      
Income:              0.3                              --     0.4   0.1          
Spending:            0.3                              --     0.1   0.6
Curr Dollar:         0.2                              --     0.1   0.1
Total:               0.0                              --     0.0   0.2
Core:                0.1                              --     0.1   0.2
Avg. Hourly          0.3                              --     0.0   0.4 
     Comments: The September Personal Consumption Expenditure categories are 
expected to show little change, with personal spending predicting a 
notable increase to 0.3% from 0.1%.  
Q3 ECI (percent change)
Thursday, October 31 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Q3      Q2     Q1      
Change:               0.7                              --    0.6    0.7
     Comments:  The quarterly Employment Cost index report is expected to rise
slightly to 0.7% after 0.6% in the second quarter. Quarter one reported a 0.7%
gain. 
October Chicago PMI (index)
Thursday, October 31 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Sep19  Aug19 Jul19      
Index:                48.5                              --    47.1  50.4
     Comments: The MNI Chicago PMI for October is expected to tick upwards to 
48.5 from 47.1 in August.
October Nonfarm Payrolls (thousands & percent change)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Nonfarm:               90                                --    136   130
Private:               85                                --    114    96
Unemp:                3.5                                --    3.6   3.7
     Comments: Nonfarm payrolls are expected to drop to 90,000 in October  from
a stronger 136,000 reported in September. Private Payrolls are expected to
follow suit with Nonfarm Payrolls and drop to 85,000 after 114,000 reported in
September.  The unemployment rate is seen ticking down just slightly to 3.5%
from 3.6% in September. The August reading was 3.7%. 
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE,MAUDS$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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