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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 estimates. The comment
section presents the key elements behind the median forecasts. 
     Third Quarter Nonfarm Productivity (percent change)                      
Wednesday, November 6th at 8:30 a.m. ET                    Actual:        
               Median                                  Q319   Q219  Q119
Productivity    0.9                                     --     2.3   3.5
Labor Cost      2.3                                     --     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 2.3% from 2.6%. 
     Weekly Jobless Claims (thousands)
Thursday, November 7th at 8:30 a.m. ET                       Actual:        
               Median                                 Nov2  Oct26  Oct19
Claims          215                                    --    218   213
          Comments: The jobless claims count is expected to return ton the
average of 215,000 from 218,000 in the previous week.  
     September Consumer Credit (billions)                    
Thursday, November 7th 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 $17.9 a month earlier. 
November Prelim. Michigan Sentiment (index)                   
Friday, November 8th at 10:00 a.m. ET                     Actual:        
               Median                                  Novp  Octf  Octp   
Index           96.0                                    --   95.5  93.2
          Comments: The preliminary Michigan Sentiment index is expected to 
rise by a half point to 96.0 from 95.5 last month.
     September Wholesale Inventories & Sales (percent change)
Friday, November 8th at 10:00 a.m. ET                  Actual   
               Median                                 Sep19 Aug19 Jul19        
Inven.          -0.3                                   --   0.2    0.2
     Sales            0.2                                   --   0.0    0.2
          Comments: Wholesale inventories and Sales are expected to move in
opposition, with inventories falling to -0.3% and sales rising to 0.2%
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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