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US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 20:06 GMT Nov 7/15:06 EST Nov 7
     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.       
Weekly Jobless Claims for November 4 week                               
 Thursday, November 9 at 8:30 a.m. ET                    Actual:        
                  Median         Range               Nov04  Oct28  Oct21
 Weekly Claims      230k      229k to 235k              --   229k   234k
     Comments: The level of initial jobless claims is expected to rise  
by 1,000 to 230,000 in the November 4 week after a 5,000 decrease in the
previous week. The four-week moving average would fall by 3,500 in the  
coming week as the 244,000 level in the October 7 week drops out of the 
calculation, assuming the MNI forecast is correct and there are no      
revisions. As the average was already at a 44-year low in the previous  
week, another decline would be significant.                             
University of Michigan Survey for November (preliminary)                
 Friday, November 10 at 10:00 a.m. ET                     Actual:       
                Median           Range              Nov17p  Oct17  Sep17
 Consumer Sent   100.7       94.0 to 102.0              --  100.7   95.1
     Comments: The University of Michigan index is expected to hold     
steady at 100.7 in early November after surging to that point in        
October.                                                                
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com

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