The Personal Income and Outlays.....>

US DATA PREVIEW: The Personal Income and Outlays report for April will be

released Thursday, with the median forecast among analysts in an MNI survey

calling for a 0.4% rise in personal spending, a 0.3% rise in personal income,

and a 0.1% rise in the core PCE price index. MNI's Data team note, Given the

large amount of information already released in the PPI and CPI reports,

analysts' forecasts for the core PCE price index are typically very accurate. In

the past year, there have been three overestimates and four underestimates,

giving no clear directional risk. Further, apart from a large 0.4pp overestimate

in June, misses have been limited to a narrow 0.1pp. Consequently, analysts

predictions for a 0.1% rise in core PCE price index are likely to come to

fruition. For the full report please see MNI Main Wire 1721BST.