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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.         
Weekly Jobless Claims for November 3 week                                
 Thursday, November 8 at 8:30 a.m. ET                    Actual:       
               Median         Range                  Nov03  Oct27  Oct20
 Weekly Claims   213k      205k to 214k                 --   214k   216k
     Comments: The level of initial jobless claims is expected to fall 
by 1,000 to a 213,000 level in the November 3 week after a decrease of 
2,000 to 214,000 level in the previous week. The impact of Hurricane 
Michael may reappear over the next several weeks. The four-week moving 
average would fall by 500 in the coming week as the 215,000 level in the 
October 6 rolls out of the calculation, assuming the MNI forecast is 
correct and there are no revisions. 
Producer Price Index for October (percent change)
 Friday, November 9 at 8:30 a.m. ET                      Actual:        
                 Median         Range                Oct18  Sep18  Aug18
 Final Demand     +0.3%    +0.2% to +0.4%               --  +0.2%  -0.1% 
 Ex Food,Energy   +0.2%    +0.1% to +0.3%               --  +0.2%  -0.1%
     Comments: Final demand PPI is expected to rise 0.3% in October 
after a 0.2% September increase, showing some impact from Hurricane 
Michael on food and energy prices. Energy prices are expected to post a 
rebound following a 0.8% September decrease, while food prices are 
expected to tick up after a further 0.6% decline. Excluding food and 
energy prices, PPI is forecast to rise 0.2% after a 0.2% September 
increase. 
University of Michigan Survey for November (preliminary)          
 Friday, November 9 at 10:00 a.m. ET                      Actual:        
                Median        Range                 Nov18p  Oct18  Sep18
 Consumer Sent    98.5     96.5 to 99.1                --    98.6  100.1
     Comments: The Michigan Sentiment index is expected to dip slightly 
to 98.5 in early-November from 98.6 in October. The sharp stock market 
declines in late-October put a damper on confidence.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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