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US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Apr 30/17:06 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.
ISM Manufacturing Index (index)
 Friday, May 1 at 10:00am ET
                                                            Actual
                                 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
                                                           Actual
                                 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
-3.8%.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE]

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