Free Trial

US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 22:06 GMT Dec 25/17:06 EST Dec 25
     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 December 22 week                                
 Thursday, December 27 at 8:30 a.m. ET                   Actual:       
               Median         Range                  Dec22  Dec15  Dec08
 Weekly Claims   215k     214k to 220k                  --   214k   206k
     Comments: The level of initial jobless claims is expected to rise 
by 1,000 to 215,000 in the December 22 week after an increase of 8,000 
to 214,000 level in the previous week. The prevalence of holidays in 
November and December make seasonal adjustment difficult at the end of 
the year. The four-week moving average would fall by 5,000 in the coming 
week as the 235,000 level in the November 24 week rolls out of the 
calculation, assuming the MNI forecast is correct and there are no 
revisions. 
New Home Sales for November (annual rate)
 Thursday, December 27 at 10:00 a.m. ET                  Actual:        
               Median         Range                  Nov18  Oct18  Sep18
 New Homes       563k     550k to 600k                  --   544k   597k 
     Comments: New home sales are expected to rise to a 563,000 annual 
rate in November following a sharp decline in October. Unadjusted sales 
were down 14.3% from a year earlier in October. Meanwhile, home supply 
was up 4.3% month/month and 17.5% year/year, so prices have pushed 
lower. 
Conference Board Consumer Confidence for December (index)
 Thursday, December 27 at 10:00 a.m. ET                  Actual:        
               Median         Range                  Dec18  Nov18  Oct18
 Confidence     133.8    132.0 to 135.0                --  135.7  137.9
     Comments: The index of consumer confidence is expected to fall 
further to a reading of 133.8 in December after small November decline. 
However,the Michigan Sentiment index rose to 98.3 in December from 97.5 
in November. 
MNI Chicago Report for December (index)                                 
 Friday, December 28 at 9:45 a.m. ET                     Actual:        
               Median         Range                  Dec18  Nov18  Oct18
 MNI Chicago     61.0     60.0 to 62.0                  --   66.4   58.4
     Comments: The MNI Chicago PMI is expected to pull back to 61.0 in 
December after a sharp rise to 66.4 in November. Other regional data 
already released have suggested softer conditions, with the Empire 
State, Kansas City and Philadelphia Fed indexes all down from November.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });