US Data: Highlights of Market Survey of Economic Forecasts

     WASHINGTON (MNI)  - 

The following are highlights of forecasts for upcoming U.S. economic indicators

provided by Bloomberg forecasts. The comment section presents the key elements

behind the median forecasts.

January 25 Week Jobless Claims (thousands)

 Thursday, January 30 at 8:30 a.m. ET                  

                                                           Actual:        

                          Median                     Jan25  Jan18  Jan11

Initial Claims               215                        --    211    205

     Comments: Initial jobless claims are expected to rise to 215,000 in the

week ending Jan. 25, from 211,000 the previous week. 

Q4 GDP (advance)

 Thursday, January 30 at 8:30 a.m. ET                        Actual:        

                          Median                        Q4(a)    Q3     Q2 

GDP                        +2.1%                           --  +2.1%  +2.0%     

Price Index                +1.8%                           --  +1.8%  +2.4%  

     Comments: The first estimate for fourth quarter GDP is expected to reach

+2.1%, the same as the third quarter. GDP growth this quarter could see upside

risks from improving international trade prospects. However, investment and the

halting of Boeing orders may bring a slight drag to GDP growth, though

residential investment continues to be bolstered by lower interest rates. The

GDP price index is expected to remain steady at 1.8%."

December Personal Income(percent change)

 Friday, January 31 at 08:30 a.m. ET               

                                                             Actual:        

                          Median                         Dec19  Nov19  Oct19 

Personal income            +0.3%                            --  +0.5%  +0.1%

Current dollar PCE         +0.3%                            --  +0.4%  +0.3%    

Price index                +0.2%                            --  +0.2%  +0.2%    

Core PCE price index       +0.1%                            --  +0.1%  +0.1%    

     Comments: Personal income in December is expected to grow at a +0.3% pace,

slower than November's +0.5% rate. Current dollar personal consumption

expenditures is expected to grow +0.3%, also down slightly from November's +0.4%

rate. PCE headline inflation is expected to rise 0.2% for the third straight

month. Core PCE inflation is expected to remain unchanged at +0.1% for the fifth

straight month.

Q4 ECI (percent change)

 Friday, Jan. 31 at 8:30 a.m. EST                         

                                                      Actual:

                    Median                        Q4      Q3      Q2      

Index:               +0.7%                        --   +0.7%   +0.6%

     Comments: The Employment Cost index is expected to rise +0.7% in the fourth

quarter, unchanged from Q3. 

January MNI Chicago PMI (index)

 Friday, January 31 at 8:30 a.m. EST                         

                                                           Actual:

                    Median                            Jan19  Dec19  Nov19      

Index:                49.0                               --   48.2   46.3

     Comments: The MNI Chicago PMI for January is expected to tick upward

slightly to 49.0 from 48.2 in December.  

January Michigan Sentiment Index (final)

 Friday, January 31 at 10:00 a.m. EST                         

                                                            Actual:

                    Median                           Jan20f  Jan20p Dec19f      

Index:                99.1                               --    99.1   99.3

Comments: The January Michigan Consumer Sentiment index (final) is expected to

remain unchanged at 99.1. 

--MNI Washington Bureau; +86 (10) 8532-5998; email: ryan.hauser@marketnews.com

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