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

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