Free Trial

US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Oct 29/17:06 EST Oct 29
    WASHINGTON (MNI) - The following are highlights of forecasts for 
upcoming U.S. economic indicators provided by Bloomberg forecasts. The 
comment section presents the key elements behind the median forecasts.
      September ADP Private Payrolls (thousands)
Wednesday, October 30 at 8:15 a.m. EST                         
                                                             Actual:
                    Median                           Sep19  Aug19 July19     
Index:               110                              --     135   156
     Comments: September ADP Private payrolls are expected to fall to 110,000 
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:         1.9                               --    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 1.9 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
     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      
Index:               0.7                              --     0.6    0.7
     Comments:  The quarterly report of the Employment Cost index is expected 
to rise slightly to 0.7% after 0.6% in the second quarter. Quarter one 
reported a 0.7%, making this change relatively normal. 
      October Chicago PMI (index)
Thursday, October 31 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Sep19  Aug19 Jul19      
Index:                48.0                              --    47.1  50.4
     Comments: The MNI Chicago PMI for October is expected to tick upwards to 
48.0 from 47.1 in August.  
     Jobless Claims (thousands)
Thursday, October 31 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                           Oct26  Oct19 Oct12    
Index:                215                              --    212   210   
     Comments: Jobless claims are expected to rise to the standard average of
215,000 in the week ending October 26th, compared to lower rates seen in the
prior two weeks. 
      October Nonfarm Payrolls (thousands)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Index:               85                                --     136   130
     Comments: Nonfarm payrolls are expected to drop to 85,000 in October 
from a stronger 136,000 reported in September.   
     October Private Payrolls (thousands)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Index:               80                                --     114    96
     Comments: Private Payrolls are expected to follow suit with Nonfarm 
Payrolls and drop to 80,000 after 114,000 reported in September.  
      October Unemployment Rate (percent change)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Index:               3.6                               --     3.5   3.7
     Comments: The unemployment rate is ticking up just slightly to 3.6 
from 3.5 in September. The August reading was 3.7, making this a fairly 
stable figure. 
     October Work Week Hours & Earnings (percent change & hours)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Hours:                34.4                             --    34.4   34.4
     Earnings:             0.3                              --    0.4     0.4 
     Comments: October work week hours are expected to remain around the
constant average of 34.4, while earnings are anticipated to soften to 0.3% after
two months of 0.4% upticks.  
     October ISM Manufacturing Index (index)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Index:               49.0                               --   47.8  46.0
     Comments: The ISM Manufacturing Index is projected to rise to 49 after
September's reading of 47.8. This would mark the fourth month of consecutive
increases. 
     September Construction Spending (percent change)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Sep19 Aug19 Jul19     
Change:              0.2                               --    0.1   0.1
     Comments: Construction Spending is expected to increase to 0.2% after
August's reading of 0.1%. 
     October Markit Manufacturing Index(index)
Friday, November 1 at 8:30 a.m. EST                         
                                                             Actual:
                    Median                            Oct19  Sep19 Aug19      
Index:               51.5                              --    51.5  50.3
     Comments: The Markit Manufacturing Index is expected to remain unchanged at
51.5.
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ (function appendPosts () { var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0]; var policyPostsMenu = document.querySelector('.policy-posts-span'); policyPostsMenu.append(policyPosts); policyPosts.style.display = "block"; var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0]; var empolicyPostsMenu = document.querySelector('.em-policy-posts-span'); empolicyPostsMenu.append(empolicyPosts); empolicyPosts.style.display = "block"; var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0]; var dataPostsMenu = document.querySelector('.data-posts-span'); dataPostsMenu.append(dataPosts); dataPosts.style.display = "block"; })(); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll(".my-mni").forEach(function(item){ item.href="/core/users/email_login/"; item.innerHTML="Log In"; }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll("img").forEach(function (img) { img.addEventListener("contextmenu", function (e) { return false; }); }); document .querySelector(".site-logo img") .addEventListener("contextmenu", function (e) { return true; }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)"); window.check_story_posts(posts, "streamOfPosts"); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ /* const sidebar = document.querySelector('.left-sidebar-container'); const stickyContent = document.querySelector('.sticky-content'); const siteContent = document.querySelector('.all-posts-stream'); if (sidebar && stickyContent && siteContent) { if (siteContent.clientHeight > sidebar.clientHeight) { console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight); stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px'; } } */ }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); });