US Data: Highlights of MNI Survey of Economic Forecasts

WASHINGTON (MNI) - The following are highlights of market expectations 

for upcoming U.S. economic indicators. 

     Consumer Credit (billions)

 Monday, September 9 at 3:00 p.m. ET                       Actual:        

                 Median                               Jul19 Jun19  May19

 Cons Credit     +$16.0                                --  +$14.6 +$17.1 

          Comments: Amid strong consumer spending and sentiment, consumer 

credit is poised to rise at a faster pace of $16.0 billion in July, 

compared to $14.6 billion in June.  

          Producer Price Index

 Wednesday September 11 at 8:00 a.m. ET                    Actual:        

                 Median                               Aug19 Jul19  Jun19

PPI             +0.1%                                  --   +0.2%  +0.1%

Core PPI        +0.2%                                  --   -0.1%  +0.3%

Core ex Trade   +0.2%                                  --   -0.1%   Flat

          Comments: Headline PPI is slated to decelerate to 0.1% after rising 

0.2% in July. This is likely a result of the continued slowdown in the 

manufacturing industries. Core PPI and Core PPI excluding gasoline are 

projected to rebound and rise at a 0.2% rate. 

          Jobless Claims (thousands)

 Thursday, September 5 at 10:00 a.m. ET                     Actual:        

                 Median                               Sep7  Aug31  Aug24    

 Claims          215k                                  --   217k    215k

          Comments: Jobless claims are expected to fall slightly to 215k.

Continued low levels of claims suggest solid employment growth will 

continue.

          Consumer Price Index (percent change)

 Thursday, September 12 at 8:30 a.m. ET                    Actual:        

                         Median                       Aug19 Jul19  Jun19 

CPI                      +0.1%                          --  +0.1%  +0.3% 

Core CPI                 +0.2%                          --  +0.3%  +0.3%

          Comments: Headline CPI is likely to continue rising at the 

unchanged rate of +0.1%. Core CPI is expected to cool off slightly and 

slow from +0.3% to +0.2%.  

          Retail Sales (percent change)

Friday, September 13 at 8:30 a.m. ET                       Actual:        

                            Median                    Aug19 Jul19  Jun19

Retail Sales                 +0.2%                     --   +0.7%  +0.3% 

ex. motor vehicle            +0.1%                     --   +1.0%  +0.3% 

ex. motor vehicle, gas       +0.3%                     --   +0.9%  +0.6%

          Comments: Recording general declines since April, retail sales are 

expected to slow further to an estimated 0.2% in August from 0.7% in 

July. Excluding motor vehicles, sales could slow to 0.1% from 

1% in July. Excluding motor vehicles and gas, sales are expected to fall 

to 0.3% from 0.9%. 

          Treasury Balance (billions)

 Thursday, September 12 at 2:00 p.m. ET                    Actual:        

                         Median                     Aug19  Jul19   Jun19 

Balance                -$161.0b                      --  -$119.7b -$8.5b

          Comments: The Treasury balance continues to widen, jumping to a 

high deficit of -$161 billion in August from -$119.7 billion, which 

would be the largest deficit since April 2019.

          Import Prices (percent change)

 Friday, September 13 at 8:30 a.m. ET                     Actual:        

                            Median                Aug19   Jul19    Jun19

Imports                       -0.4%                --     +0.2%    -0.9% 

          Comments: Import prices are expected to decline by 0.4% in August 

after rising +0.2% in July amid geopolitical tensions and tariff woes. 

          Business Inventories (percent change)

 Friday, September 13 at 9:30 a.m. ET                     Actual:        

               Median                                  Aug19 Jul19 Jun19 

Inventories     +0.3%                                   --    Flat -0.3%

          Comments: Business inventories are projected to rebound, growing 

+0.3% in August after a flat reading in July.

          Michigan Consumer Sentiment (index)                        

 Friday, September 13 at 10:00 a.m. ET                    Actual:    

                Median                              Sep19p Aug19f Aug19p  

Percent          +90.5                                --    +98.4  +96.9

          Comments: Amid trade headwinds and recession fears, the Michigan 

Consumer Sentiment index is slated to fall to 90.5 from 98.4 in August. 

--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com

[TOPICS: MTABLE,M$U$$$]