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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. 
     Empire State Manufacturing Survey (index)
 Monday, September 16 at 8:30 a.m. ET                     Actual:        
                       Median                        Sep19  Aug19  Jul19 
 Empire State Index     +4.0                            --  +4.8    +4.3
          Comments: The Empire State Manufacturing Index is expected to dip 
by 4.0 in September, a lowdown from higher readings in August and July. 
     Industry Production and Capacity Utilization (percent) 
Tuesday, September 17 at 9:15 am ET                  Actual:
                    Median                       Aug19    Jul19    Jun19
Industrial Prod.   +0.2%                          --     -0.2%     +0.2%
Capacity Util.     +77.6%                         --     +77.5%   +77.8%
          Comments: Industrial production is set to climb 0.2% in August 
after falling -0.2% in July. Capacity utilization is slated to rise by 
a tenth. 
     Nat Association of Home Builders (index)
Tuesday, September 17 at 10:00 a.m. ET                     Actual:        
                       Median                        Sep19  Aug19  Jul19 
NAHB                    +66                           --     +66     +65 
          Comments: The NAHB index is expected to continue to rise by 66 in 
September, unchanged from August readings.  
     Housing Starts (millions)
Wednesday, September 18 at 10:00 a.m. ET                     Actual:        
                       Median                      Aug19  Jul19    Jun19
Housing Starts        +1.250m                       --   +1.191m +1.241m
Building Permits      +1.307m                       --   +1.317m +1.232m
          Comments: Housing starts are expected to rebound after a slowdown 
in July, helped by lower mortgage rates amid continued interest rate 
cuts. Building permits are likely to see a solid increase as well 
after a seven-month high in July of 1.317m. 
Weekly Jobless Claims (thousands) September Week 16
Thursday, September 19 at 10:00 a.m. ET                   Actual:        
                       Median                     Sep14    Sep7    Aug31   
Claims                +215k                        --      +204k   +217k
          Comments: Jobless claims are forecasted to increase by 215,000, a 
more trend-like figure after hitting a five-month low of 204,000 in the 
week ended Sept. 7. 
     Q2 Current Account Balance (billions) 
Thursday, September 19 at 8:30 a.m. ET                   Actual:        
                       Median                 Q219      Q119        Q418  
Balance             -$125.7b                   --    -$130.4b   -$143.9b
          Comments: The U.S. current account deficit is projected to narrow 
to -$125.7 billion in the second quarter from -$130.4 billion in the 
     Leading Indicators (percent change)
Thursday, September 19 at 10:00 a.m. ET                   Actual:               
                    Median                         Aug19  Jul19    Jun19
Percent             +0.1%                           --    +0.5%    -0.1%
          Comments: Leading indicators are expected to rise by 0.1% in 
August, slowing from a stronger July reading of 0.5%.
--MNI Washington Bureau; +1 202 371 2121; email:

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