MNI Survey of US Economic Forecasts: Apr 16 - Apr 18

                           Apr 16    Apr 16   Apr 17    Apr 17  Apr 18   Apr 18

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                                                                         Retail

                         Industrl  Capacity    Trade  Wholesle  Retail    Sales

                         Productn   Utilizn  Balance  Inventrs   Sales  Ex-Auto

Data For                      Mar       Mar      Feb       Feb     Mar      Mar

Denomination                 % Ch         %        B      % Ch    % Ch     % Ch

Median Forecast **            0.2      79.2    -53.7       0.3     1.0      0.8

High Forecast                 0.4      79.4    -50.0       0.5     1.3      1.0

Low Forecast                 -0.2      78.2    -55.2       0.0     0.3      0.1

Mean                          0.2      79.1    -53.3       0.3     1.0      0.7

Standard Deviation            0.1       0.2      1.4       0.2     0.2      0.2

No. of Responses               23        19       17         5      23       20

Amherst Pierpont              0.3      79.2    -53.5        NA     1.2      0.9

BofA/Merrill Lynch            0.3      79.2       NA        NA     1.2       NA

Bank of the West              0.2      79.2    -54.0       0.5     0.9      0.8

Bayerische Landesbank          NA        NA       NA        NA      NA       NA

BMO                           0.3      79.2    -54.0       0.2     0.8      0.5

Capital Economics             0.1      79.1    -50.0        NA     1.0      0.8

CIBC                          0.4      79.3    -54.2        NA     1.0      0.8

Credit Suisse                -0.2      78.9       NA        NA     1.2      0.9

Deka                           NA      79.2       NA        NA     1.2      0.8

Deutsche Bank                 0.3      79.4    -55.0       0.5     0.3      0.1

FT Advisors                   0.1      79.1    -53.4        NA     1.1      1.0

Goldman Sachs                 0.1      79.0    -54.1        NA     1.0      0.7

HSBC                          0.2      79.1       NA        NA     0.8      0.7

ING Group                     0.3        NA    -50.5        NA     1.1       NA

Intesa Sanpaolo               0.3        NA    -53.5        NA     0.8      0.6

J.P. Morgan                   0.2      78.2    -51.2        NA     1.1      0.8

Jefferies Economics           0.4      79.3    -54.5       0.0     1.1      0.7

Lloyds Bank                   0.2      79.2    -53.0        NA     0.8       NA

Morgan Stanley                0.0        NA       NA        NA      NA       NA

Nomura                        0.0        NA    -52.4        NA     0.6       NA

RBC                            NA        NA       NA        NA      NA      0.9

SocGen                        0.3      79.2       NA        NA     1.2      0.7

TD Securities                 0.2        NA       NA        NA     1.3      0.9

UBS                           0.1      79.0    -55.2        NA     1.0      0.7

Umaryland                     0.3      79.3    -54.0       0.3     0.8      0.7

Wells Fargo                   0.2      79.2    -53.7        NA     0.9      0.8

** Note: The survey median is compiled solely from the forecasts listed above

and is not intended to represent a market consensus.

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

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