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US Data: Highlights of Market Survey of Economic Forecasts

     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 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 January 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               212k                                  --  210k   205k      
Comments: Jobless claims for the week ending February 22 are expected to come in
at 212,000, slightly above 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          -$68.5b                                     --  -$68.3b -$63.0b
     Comments: The advanced goods trade deficit is supposed to expand slightly
to -$68.5b.                                     
January Personal Income(percent change)
 Friday, February 28 at 08:30 a.m. ET               
                                                             Actual        
                          Median                        Jan20 Dec19  Nov19  
Personal income            +0.4%                           -- +0.2%  +0.5%  
Price index                +0.1%                           -- +0.3%  +0.2%  
Core PCE price index       +0.2%                           -- +0.2%  +0.1%  
     Comments: Personal income in January is expected to grow at a +0.4% pace,
up from December's +0.2% rate. PCE headline inflation is expected to rise 0.1%,
a slight slowdown from December's +0.3% uptick. Core PCE inflation is expected
to match December's +0.2% uptick, taking the yoy rate to 1.7% from 1.6%.
February MNI Chicago PMI (index)
 Friday, February 28 at 8:30 a.m. EST                         
                                                          Actual
                    Median                           Feb20 Jan20  Dec19      
Index                 46.0                              --  42.9   48.9   
     Comments: The MNI Chicago PMI for February is expected to tick up to 46.0,
a gain of 3.1 points from January.  
University of Michigan Survey for February (final)
 Friday, February 28 at 10:00 a.m. ET                        
                                                                Actual
                          Median                       Feb20(f)  Jan20  Dec19  
Consumer Sentiment         100.7                          --      99.8   99.3  
Comments: The final University of Michigan consumer sentiment index is expected
to moderate to 100.7, down slightly from the preliminary reading of 100.9, but
up 0.9 points from January's 99.8 reading.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE,MAUDS$,M$U$$$]

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