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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 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. 
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,M$U$$$]

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