Free Trial

US Data: Highlights of Market Survey of Economic Forecasts

MNI (London)
     WASHINGTON (MNI) - The following are highlights of forecasts for 
upcoming U.S. economic indicators provided by participants in the MNI 
weekly survey. The comment section presents the key elements behind the 
median forecasts. 
     September Factory Orders (percent change)                        
 Monday, November 4 at 10:00 a.m. ET                      Actual:        
               Median                                Sep19  Aug19  Jul19 
New Orders      -0.5                                  --    -0.1    1.4
Dur. Goods      -1.1                                  --    -1.1    0.2
          Comments: Factory orders are expected to have contracted further in
September, with new orders expected to turn in -0.5% from -0.1% in August, and
durable goods orders falling 1.1% for a second straight month. 
     September Trade Balance (billions)                      
 Tuesday, November 5th at 8:30 a.m. ET                    Actual:        
               Median                                Sep19  Aug19  Jul19
Balance         -52.5                                 --    -54.9  -54.0
          Comments: The U.S. trade balance is expected to contract to -$52.5 
billion from -$54.9 billion in August amid continued global trade tensions.
     October Non-Manufacturing ISM Index (index)                       
 Tuesday, November 5th at 10:00 a.m. ET                    Actual:        
               Median                               Oct19   Sep19  Aug19 
Index           53.4                                  --    52.6    53.7
          Comments: The October Non-Manufacturing ISM Index is slated to rise to
53.4 from 52.6. 
     Third Quarter Nonfarm Productivity (percent change)                      
Wednesday, November 6th at 8:30 a.m. ET                    Actual:        
               Median                                  Q319   Q219  Q119
Productivity    0.8                                     --     2.3   3.5
Labor Cost      2.2                                     --     2.6   5.5
          Comments:  The Q3 Nonfarm productivity change is expected to dip to 
0.8% from 2.3% in Q2, and labor costs follow suit to 2.2% from 2.6%. 
     September Consumer Credit (billions)                    
Friday, November 8th at 3:00 p.m. ET                       Actual:        
               Median                                  Sep19 Aug19 Jul19   
Cons. Cred      15.0                                    --   17.9   23.3
          Comments: Consumer credit growth is poised to dip to a $15 billion
rate in September from $17.9 a month earlier. 
     November 2 Jobless Claims (thousands)                     
Thursday, November 7th at 8:30 a.m. ET                    Actual:        
               Median                                 Nov2  Oct28 Oct19   
Claims          215                                    --    218   213
          Comments: This week's jobless claims are expected to return to the
four-week average of 215,000 after rising to 218,000 in the previous week. 
November Prelim. Michigan Sentiment (index)                   
Friday, November 8th at 10:00 a.m. ET                     Actual:        
               Median                                  Novp  Octf  Octp   
Index           96.0                                    --   95.5  93.2
          Comments: The preliminary Michigan Sentiment index is expected to 
rise by a half point to 96.0 from 95.5 last month.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MTABLE,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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.