Free Trial

US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 05:03 GMT Apr 30/01:03 EST Apr 30
     WASHINGTON (MNI)  - The following are highlights of forecasts for upcoming
U.S. economic indicators provided by Bloomberg. The comment section presents the
key elements behind the median forecasts.
Initial Jobless Claims (millions)
 Thursday, April 30 at 8:30am ET                             Actual
                   Median                              Apr25  Apr18  Apr11      
Claims             3.500m                                 -- 4.427m 5.237m      
     Comments: Initial jobless claims are expected to grow by 3.500 million. The
surge in recent jobless claims could be past its peak, with the most recent
4-week moving average hovering around 5.8 million, though some economists say a
backlog of unemployment filers could cause another spike in the weeks ahead. 
Personal Income (percent change)
 Thursday, April 30 at 08:30am ET               
                          Median                       Mar20  Feb20  Jan20    
Personal income            -1.5%                          --  +0.6%  +0.6%    
Current dollar PCE         -0.1%                          --  +0.2%  +0.2%
Total Price index          -1.8%                          --  +0.1%  +0.1%    
Core PCE price index       -0.1%                          --  +0.2%  +0.2%    
     Comments: Personal income in March is expected to drop by -1.5% m/m, the
first contraction since November 2015 when personal income fell by -0.1%.
Current dollar PCE is expected to post a -0.1% decrease. The total price index
is also expected to drop by -1.8% with the core PCE price index registering a
-0.1% decline.
MNI Chicago PMI (index)
 Thursday, April 30 at 9:45am ET                         
                    Median                             Apr20  Mar20  Feb20      
Index                 37.7                                --   47.8   49.0    
     Comments: The MNI Chicago PMI for April is expected to drop to 37.7, down
from March's 47.8 reading in what would be the lowest reading since March 2009
when the index registered 33.0.
ISM Manufacturing Index (index)
 Friday, May 1 at 10:00am ET
                                 Median               Apr20  Mar20  Feb20    
Activity Index                     36.0                  --   49.1   50.1       
     Comments: The ISM manufacturing index is expected to drop to 36.0,
deepening its fall into contractionary territory amid nation-wide shutdowns and
global supply chain disruptions. This would mark the lowest reading since
December 2008, during the global financial crisis, when the index reached 34.5.
Construction Spending (percentage change)
 Friday, May 1 at 10:00 ET
                                 Median              Mar20  Feb20  Jan20  
Total Spending                    -3.5%                 --  -1.3%  +2.8%  
     Comments: Construction spending for March is expected to show a -3.5% m/m
drop, which would be the largest decrease since January 2011 when spending fell
--MNI Washington Bureau; +1 202 371 2121; email:

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });