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MNI Survey of US Economic Forecasts: May 31

                       May 31     May 31
                          MNI       Mich
                      Chicago  Sentiment
Data For                  May        May
Median Forecast **       53.8      102.0
High Forecast            56.4      102.4
Low Forecast             51.0      100.9
Mean                     53.8      101.8
Standard Deviation        1.3        0.6
No. of Responses           11         14
Amherst Pierpont           NA         NA
BofA/Merrill Lynch       53.5      101.0
Bank of the West           NA      102.0
Barclays Capital           NA         NA
BMO                      53.0      101.0
Capital Economics          NA         NA
CIBC                       NA         NA
Commerzbank              56.4      102.0
Credit Suisse              NA      101.0
Deka                       NA      102.0
Deutsche Bank            54.0      102.4
FT Advisors              53.8      102.0
Goldman Sachs            52.6         NA
HSBC                       NA      100.9
ING Group                  NA      102.0
Lloyds Bank              54.0      102.4
Morgan Stanley             NA         NA
Nomura                   51.0         NA
RBC                      55.0      102.0
SocGen                     NA         NA
UBS                      55.0      102.4
Umaryland                53.7      102.4
Wells Fargo                NA         NA
** 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:

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