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US Data: Highlights of Market Survey of Economic Forecasts

     WASHINGTON (MNI)  - 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.
     Existing Home Sales for March (millions)
 Tuesday, April 21 at 10:00am ET                      
                      Median                            Mar20  Feb20  Jan20   
Existing Home Sales    5.25m                               --  5.77m  5.53m  
     Comments: March existing home sales are expected to come in at 5.25
down from February's 5.77 million, which would constitute the largest drop in
existing home sales since the 1 million m/m decline recorded in July 2010. The
home builder sentiment index registered a historic drop in March, and analysts
report that consumer sentiment on home buying conditions for early April is
already worse than the lows last seen during the housing crisis a decade ago.
     February FHFA Home Price Index (percent change)
 Wednesday, April 22 at 9:00am ET                         
                    Median                            Feb20  Jan20  Dec19      
Index                +0.3%                               --  +0.3%  +0.6%  
          Comments: The FHFA Home price index is expected to increase by +0.3%
posting a +0.3% increase in January.
     Initial Jobless Claims (millions)
 Thursday, April 23 at 8:30am ET                        
                   Median                             Apr18  Apr11  Apr04       
Claims             4.500m                                -- 5.245m 6.615m      
     Comments: U.S. jobless claims filed through April 18 are expected to reach
million this week after rising to 5.2 million last week. Last week's data
suggests initial claims have peaked and should gradually decline from this point
forward, though still remain in the millions, according to analysts. The current
trend correlates to an unemployment rate of around 20% for April, analysts said.
     March New Home Sales (thousands)
 Thursday, April 23 at 10:00am ET                                               
                    Median                            Mar20  Feb20  Jan20     
Sales                 640k                               --   765k   800k      
          Comments: March new home sales are expected at 640,000, down from
February's 765,000, marking what would be the lowest level since May 2019.
     Durable Goods Orders for March (percent change)
 Friday, April 24 at 8:30am ET                        
                          Median                      Apr20  Feb20  Jan20     
New orders                -12.0%                         --  +1.2%  +0.1%    
Ex trans                   -6.5%                         --  -0.6%  +0.6%   
          Comments: The March durable goods report is expected to show new
dropping by -12.0% following February's 1.2% uptick. This would constitute the
biggest drop since August 2014 when new orders fell by -18.4%. A decline in
aircraft should comprise more than half of decline, according to Credit Suisse,
as Boeing has reported a -282 drop in net orders. New orders excluding
transportation are expected to fall -6.5% after dropping -0.6% in February. This
would mark the largest m/m decline in new orders excluding transport since
January 2009 (-10.2%) during the global financial crisis.
     University of Michigan Survey of Consumers for April (final)
 Friday, April 24 at 10:00am ET                          Actual
                          Median                    Apr20(f) Mar20  Feb20    
Consumer Sent               67.5                         --   89.1  101.0 
Comments: The Michigan consumer sentiment index is expected to fall to 67.5
after a preliminary reading of 71.0. This would mark a 21.6 point drop from
March's 89.1 reading, the biggest drop ever recorded on the index and the lowest
reading since November 2011. Last month's 11.9 point fall in consumer sentiment
was the biggest drop since October 2008.
--MNI Washington Bureau; +1 202 371 2121; email:

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