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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.
February Dallas Fed Manufacturing Index (index)
 Monday, February 24 at 10:30 a.m. ET                         Actual        
                          Median                         Feb20  Jan20  Dec19
Index                       flat                           --    -0.2   -0.2
     Comments: The Dallas Fed Manufacturing Index is expected to improve to a
flat reading in February, halting four straight months of decline.
December Case-Shiller Home Price Index (percentage change)
 Tuesday, February 25 at 9:00 a.m. ET
                                                             Actual 
                                 Median                Dec19  Nov19  Oct19 
MoM Change                        +0.4%                   --  +0.5%  +0.4%
Comments: The December Case-Shiller Home price index is expected to turn in a
+0.4% increase, reflecting solidly rising home prices. 
December FHFA Home Price Index (percent change)
 Tuesday, February 25 at 9:00 a.m. EST                         
                                                              Actual
                    Median                              Dec19  Nov19 Oct19     
Index                +0.4%                                 --  +0.2% +0.2% 
     Comments: The FHFA Home price index is expected to accelerate to +0.4%. 
Conference Board Consumer Confidence (index)
 Tuesday, February 25 at 10:00 ET
                                                             Actual
                                 Median                Feb20  Jan20  Dec19 
Index                             132.0                   --  131.6  126.5  
     Comments: The Conference Board's consumer confidence index is expected to
rise to 132.0 in February, adding to January's increase to 131.6.
January New Home Sales (thousands & percent change)
 Wednesday, February 26 at 10:00 a.m. EST                         
                                                            Actual
                    Median:                           Jan20  Dec19  Nov19   
Sales                 710k                               --   694k   719k     
     Comments: January new home sales are expected at 710,000, up +2.3% from
December's 694,000. 
January Durable Goods Orders (percent change)
 Thursday, February 27 at 8:30 a.m. ET                        
                                                            Actual        
                          Median:                     Jan20  Dec19  Nov19  
New orders                 -1.5%                         --  +2.4%  -3.1%  
Ex trans                   +0.2%                         --  -0.1%  -0.4%
     Comments: The December durable goods report is expected to show new orders
dropping by -1.5% following December's +2.4% rebound. The halt in Boeing's 737
Max production, which went into effect January 21, was a drag as the
manufacturer reported no new orders for the month. New orders excluding
transportation are expected to rise +0.2%.
Q4 GDP (second estimate)
 Thursday, February 27 at 8:30 a.m. ET                       
                                                             Actual        
                          Median                       Q4(2)    Q3     Q2 
GDP                        +2.1%                          --   +2.1%  +2.0%     
Price Index                +1.4%                          --   +1.8%  +2.4%  
     Comments: The second estimate for fourth quarter GDP is expected to remain
unchanged with annualized GDP for the Q4 2019 rising by +2.1% while the GDP
price index increases by +1.4%.                                                 
Initial Jobless Claims (thousands)
 Thursday, February 27 at 8:30 a.m. EST                        
                                                             Actual
                   Median                               Feb22 Feb15  Feb08      
Claims               211k                                  --  210k   205k      
Comments: Jobless claims for the week ending February 22 are expected to come in
at 211,000, close to the 209K four-week moving average identified by the
Department of Labor in its most recent jobless claims report.
January NAR Pending Home Sales Index (percent change)
 Thursday, February 27 at 10:00 a.m. EST                         
                                                             Actual
                    Median                             Jan20  Dec19 Nov19     
Index                +1.9%                                --  -4.9%   7.4
     Comments: The NAR Pending Home Sales Index is anticipated to climb +1.9%
after a -4.9% drop in December.
January Advanced Goods Trade Gap (billions) 
 Friday, February 28 at 8:30 a.m. ET                         Actual        
              Median                                  Jan20   Dec19   Nov19
Gap          -$68.1b                                     --  -$68.3b -$63.0b
     Comments: The advanced goods trade deficit is supposed to shrink slightly
to -$68.1b.                                     
January Personal Income(percent change)
 Friday, February 28 at 08:30 a.m. ET               
                                                             Actual        
                          Median                        Jan20 Dec19  Nov19  
Personal income            +0.3%                           -- +0.2%  +0.5%  
Price index                +0.1%                           -- +0.3%  +0.2%  
Core PCE price index       +0.2%                           -- +0.2%  +0.1%  
     Comments: Personal income in January is expected to grow at a +0.3% pace,
up from December's +0.2% rate. PCE headline inflation is expected to rise 0.1%,
a slight slowdown from December's +0.3% uptick. Core PCE inflation is expected
to match December's +0.2% uptick, taking the yoy rate to 1.7% from 1.6%.
February MNI Chicago PMI (index)
 Friday, February 28 at 8:30 a.m. EST                         
                                                          Actual
                    Median                           Feb20 Jan20  Dec19      
Index                 45.8                              --  42.9   48.9   
     Comments: The MNI Chicago PMI for February is expected to tick up to 45.8,
a gain of 2.9 points from January.  
University of Michigan Survey for February (final)
 Friday, February 28 at 10:00 a.m. ET                        
                                                                Actual
                          Median                       Feb20(f)  Jan20  Dec19  
Consumer Sentiment         100.6                          --      99.8   99.3  
Comments: The final University of Michigan consumer sentiment index is expected
to moderate to 100.6, down three-tenths from the preliminary reading but up 0.8
point from January's 99.8 reading.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE,MAUDS$,M$U$$$]

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