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.         

Producer Price Index for October (percent change)

 Friday, November 9 at 8:30 a.m. ET                      Actual:        

                 Median         Range                Oct18  Sep18  Aug18

 Final Demand     +0.3%    +0.2% to +0.4%               --  +0.2%  -0.1% 

 Ex Food,Energy   +0.2%    +0.1% to +0.3%               --  +0.2%  -0.1%

     Comments: Final demand PPI is expected to rise 0.3% in October 

after a 0.2% September increase, showing some impact from Hurricane 

Michael on food and energy prices. Energy prices are expected to post a 

rebound following a 0.8% September decrease, while food prices are 

expected to tick up after a further 0.6% decline. Excluding food and 

energy prices, PPI is forecast to rise 0.2% after a 0.2% September 

increase. 

University of Michigan Survey for November (preliminary)          

 Friday, November 9 at 10:00 a.m. ET                      Actual:        

                Median        Range                 Nov18p  Oct18  Sep18

 Consumer Sent    98.5     96.5 to 99.1                --    98.6  100.1

     Comments: The Michigan Sentiment index is expected to dip slightly 

to 98.5 in early-November from 98.6 in October. The sharp stock market 

declines in late-October put a damper on confidence.

--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com

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