Trial now

(M1) Bullish Focus


(M1) New Multi-Month Highs


Clearing Major Support


Sizeable Resistance Building


Needle Still Points North

Repeats Story Initially Transmitted at 21:06 GMT Sep 27/17:06 EST Sep 27
     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.         
Personal Income for August (percent change)                          
 Friday, September 28 at 8:30 a.m. ET                    Actual:        
               Median         Range                  Aug18  Jul18  Jun18
 Income         +0.4%     +0.3% to +0.5%                --  +0.3%  +0.4% 
 Spending       +0.4%     +0.3% to +0.4%                --  +0.4%  +0.4%
 Core Prices    +0.1%     +0.0% to +0.2%                --  +0.2%  +0.1%
     Comments: Personal income is expected to rise by 0.4% in August, as 
payrolls rose by 201,000 and hourly earnings rose by 0.4%, while average 
weekly hours stayed at 34.5 hours. Current dollar PCE is forecast to 
rise by 0.4% after a 0.4% July gain that could see an upward revision 
based on the retail sales data. Total retail sales rose by only 0.1% in 
the month after an upward revised 0.7% July gain. Sales were up 0.3% in 
August excluding a 0.8% decline in motor vehicle sales. Retail sales 
excluding autos, gas, building materials and food services were up only 
0.1% after an upward revised 0.8% July gain. The core PCE price index is 
expected to post a 0.1% increase in August, so the y/y rate could hold 
steady at 2.0%. 
MNI Chicago Report for September (index)                                 
 Friday, September 28 at 9:45 a.m. ET                    Actual:        
               Median         Range                  Sep18  Aug18  Jul18
 MNI Chicago     62.0     60.0 to 64.5                  --   63.6   65.5
     Comments: The MNI Chicago PMI is expected to decline further to a 
reading of 62.0 in September after dipping slightly to 63.6 in August. 
Other regional data already released have suggested an improved growth 
pace, with the Empire State reading falling back modestly, but the 
Philadelphia Fed rebounding solidly. 
University of Michigan Survey for September (final)          
 Friday, September 28 at 10:00 a.m. ET                   Actual:        
                Median        Range                 Sep18f Sep18p  Aug18
 Consumer Sent   100.8   100.8 to 101.0                 --  100.8   96.2
     Comments: The Michigan Sentiment index is expected to be unrevised 
at 100.8 reading in September, still well above the 96.2 reading in 
--MNI Washington Bureau; +1 (973) 494-2611; email: