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Repeats Story Initially Transmitted at 22:06 GMT Nov 15/17:06 EST Nov 15
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
Industrial Production for October (percent change)
Friday, November 16 at 9:15 a.m. ET Actual:
Median Range Oct18 Sep18 Aug18
Ind Prod +0.1% -0.4% to +0.3% -- +0.3% +0.4%
Cap Util 78.1% 77.9% to 78.3% -- 78.1% 78.1%
Comments: Industrial production is expected to hold steady in
October after a 0.3% gain in September. The impacts of Hurricane Michael
may not center on mining production, as they have with past hurricanes,
but rather on weaker readings for the manufacturing and utilities
portions of the report. Factory payrolls rose by 32,000 in October,
while auto production jobs rose by 7,000. However, the factory workweek
was shorter at 40.8 hours, down slightly from 40.9 hours in September.
The ISM production index dipped to 59.9 in the current month from 63.9
in the previous month. Utilities production is expected remain nearly
steady for a second straight month, though warmer-than-usual
temperatures add some upside risk. Mining production is expected to
continue its string of gains. Capacity utilization is forecast to stay
--MNI Washington Bureau; +1 202-371-2121; email: firstname.lastname@example.org