US Data: Highlights of Market Survey of Economic Forecasts

    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 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 London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$U$$$]