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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
Weekly Jobless Claims for August 3 week
Thursday, August 8 at 8:30 a.m. ET Actual:
Median Range Aug03 Jul27 Jul20
Weekly Claims 215k 210k to 217k -- 215k 207k
Comments: The level of initial jobless claims is expected to hold
steady at 215,000 in the August 3 week after an 8,000 gain in the
previous week. The four-week moving average would rise by 1,750 this
week as the 208,000 level in the July 6 week rolls out of the
Producer Price Index for July (percent change)
Friday, August 9 at 8:30 a.m. ET Actual:
Median Range Jul19 Jun19 May19
Final Demand +0.2% +0.1% to +0.3% -- +0.1% +0.1%
Ex Food,Energy +0.2% +0.1% to +0.2% -- +0.3% +0.2%
Comments: Final demand PPI is expected to rise by 0.2% in July
after a 0.1% gains in May and June. Energy prices are expected to tick
up following a further June decline, while food prices are expected to
post another modest gain. Excluding food and energy prices, PPI is
forecast to rise 0.2% after a rising 0.3% in June.
--MNI Washington Bureau; tel: +1 202-371-2121; email: firstname.lastname@example.org