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US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Aug 19/17:06 EST Aug 19
     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. 
     Existing-home Sales for July (annual rate)                           
 Wednesday, August 21 at 10:00 a.m. ET                   Actual:
                 Median       Range                  Jul19  Jun19  May19
 Home Resales    5.40m      5.30m-5.45m               --   5.27m   5.36m
     Comments: The pace of existing home sales is expected to increase to a 
5.40 million annual rate in July after ticking down to a 5.27 million 
annual rate in June. 
     --
     Weekly Jobless Claims for August 17 Week                           
Thursday, at August 22, at 8:30 a.m. ET                   
Actual: 
                 Median       Range       Aug17 Aug10 Aug03
 Initial Claims   216k      215k-217k      --   220k  211k
     Comments: The level of initial jobless claims is expected to fall to 
216,000 in the August 17 employment survey week after a rebound of 
9,000 to 220,000 in the previous week. 
--
     Leading Indicators for July (percent change)
 Thursday, August 22 at 10:00 a.m. ET                    Actual:        
                 Median         Range                Jul19  Jun19  May19
 Leading Index    0.2%       0.1% - 0.4%                --  +0.3%   Flat
     Comments: The index of leading indicators is expected to rise by 0.2% 
in July as compared to the 0.3% gain in June. Positive contributions are
expected from the ISM Manufacturing and S&P 500 Average, while negative 
contributions are seen from Initial Claims. 
     New Home Sales for July 
 Friday, August 23 at 10:00 a.m. ET                      Actual:        
               Median         Range                  Jul19  Jun19  May19
 New Homes      650k       630k - 685k                 --   646k   604k 
     Comments: The pace of new home sales is expected to jump to 650,000 
after rebounding to a 646,000 annual rate in June. Unadjusted sales were 
up modestly from a year ago in June.
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE]

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