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US Data: Highlights of MNI Survey of Economic Forecasts

     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.  
Conference Board Consumer Confidence for December (index)               
 Wednesday, December 27 at 10:00 a.m. ET                 Actual:        
               Median         Range                  Dec17  Nov17  Oct17
 Confidence     128.0    125.0 to 131.0                 --  129.5  126.2
     Comments: The index of consumer confidence is expected to fall to a
reading of 128.0 in December after a solid gain to 129.5 in November.   
The Michigan Sentiment Index fell to 95.9 in December from 98.5 in the  
previous month.                                                         
Weekly Jobless Claims for December 23 week                              
 Thursday, December 28 at 8:30 a.m. ET                   Actual:        
                 Median         Range                Dec25  Dec16  Dec09
 Weekly Claims     239k     230k to 245k                --   245k   225k
     Comments: The level of initial jobless claims is expected to fall  
by 6,000 to 239,000 in the December 23 week after an increase of 20,000 
in the previous week that lifted the four-week moving average by 1,250. 
The average would rise by 250 in the coming week as a 238,000 level in  
the November 25 week drops out of the calculation, assuming the MNI     
forecast is correct and there are no revisions.                         
MNI Chicago Report for December (index)                                 
 Thursday, December 28 at 9:45 a.m. ET                   Actual:        
               Median         Range                  Dec17  Nov17  Oct17
 MNI Chicago     63.0     61.0 to 65.4                  --   63.9   66.2
     Comments: The MNI Chicago PMI is expected to dip slightly to a     
reading of 63.0 in December after falling to 63.9 in November. Other    
regional data already released have been mixed, but the flash Markit    
data point to faster manufacturing growth.                              
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com
[TOPICS: M$U$$$]

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