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     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.
Consumer Price Index (percent change)
 Tuesday, May 12 at 8:30am (ET)                        
                                                        Actual
                   Median                         Apr20  Mar20  Feb20    
CPI                 -0.8%                            --  -0.4%  +0.1%  
CPI Core            -0.2%                            --  -0.1%  +0.2%  
Comments: U.S. consumer inflation likely tumbled in April on plummeting gas
prices, with markets expecting a -0.8% decline following a -0.4% drop in March.
Core CPI should fall -0.2% after decreasing -0.1% in March. Prices of
demand-sensitive goods like airfares and hotel stays, hardest hit by the
coronavirus pandemic, likely fell further in April as consumers continued to
stay home and many businesses temporarily closed their doors.
Treasury Statement (USD billions)
 Tuesday, May 12 at 2:00pm (ET)                        
                                                        Actual
                   Median                      Apr20     Mar20     Feb20        
Treasury Budget  -$737.0B                         --  -$119.1B  -$235.3B
Comments: The budget deficit is expected to have increased by -$737.0 billion in
April.
Producer Price Index (percent change) 
 Wednesday, May 13 at 8:30am (ET)                      
                                                        Actual
                  Median:                         Apr20  Mar20  Feb20     
PPI                -0.5%                             --  -0.2%  -0.6%     
Core PPI           -0.1%                             --  +0.2%  -0.3%     
Core PPI ex trade  -0.1%                             --  -0.2%  -0.1%     
     Comments: Month-over-month final demand PPI is expected to shrink by -0.5%
in what would mark the third straight month of declines. Core PPI and core PPI
excluding trade are both, respectively, expected to decline by -0.1%
Initial Jobless Claims (millions)
 Thursday, May 14 at 8:30am (ET)                     
                                                            Actual
                   Median                            May09   May02   Apr25      
Claims              2.50m                               --  3.169m  3.846m      
     Comments: Initial jobless claims are expected to fall to 2.50 million with
some analysts saying the U.S. passed its initial peak back in late March 2020. 
Import/Export Prices (percent change)
 Thursday, May 14 at 8:30am (ET)                           Actual
                    Median:                          Apr20  Mar20  Feb20        
Import Price Index   -3.2%                              --  -2.3%  -0.7%      
Export Price Index   -2.3%                              --  -1.6%  -1.1%   
Comments: The import price index is expected to decrease -3.2%, while the export
price index is expected to fall by -2.3%. April should mark the third straight
month of decreases for both indexes.
Retail Sales (percent change)
 Friday, May 15 at 8:30am (ET)                     
                                                     Actual                     
        
                  Median                       Apr20  Mar20  Feb20     
Retail Sales      -11.5%                          --  -8.4%  -0.4%   
Retail ex mv       -8.4%                          --  -4.5%  -0.4%    
Retail ex mv+gas   -6.0%                          --  -2.8%  -0.2%     
     Comments: U.S. retail sales likely fell sharply in April, with preliminary
estimates seeing a -11.5% drop following a -8.4% decrease in March that was the
largest decline on record. Many retailers were closed through April and falling
gas prices will keep monthly gas station sales low, holding down headlines
sales. Excluding motor vehicle and gas station sales, retail sales should fall
-6.0%.
Empire Manufacturing Index (index)
 Friday, May 15 at 8:30 am ET                          Actual        
                     Median                      May20  Apr20  Mar20      
Index                 -60.0                         --  -78.2  -21.5      
     Comments: The Empire Manufacturing Index is expected to retreat to -60.0,
up from -78.2, the lowest reading ever recorded on the index.
Industrial Production (percent change)
 Friday, May 15 at 9:15am (ET)                         
                                                            Actual        
                          Median                      Apr20  Mar20  Feb20    
Industrial Production     -12.0%                         --  -5.4%  +0.5%   
Capacity Utilization       63.9%                         --  72.7%  77.0%  
Comments: Industrial production for March is expected to fall -12.0%, the
biggest m/m drop since July 2009 when it fell -13.9%. Capacity utilization is
expected to decline to 63.9%, which would mark the lowest reading in the history
of the measure.
University of Michigan Survey of Consumers (preliminary)
 Friday, May 15 at 10:00am (ET)                                
                                                               Actual
                          Median                         May(p) Apr20  Mar20    
Consumer Sent               68.0                            --   71.8   89.1 
   
Comments: The Michigan consumer sentiment index is expected to fall to 68.0 from
April's 71.8 reading. The fall in consumer sentiment would mark the lowest
reading since November 2011, when the index registered at 63.7.
Business Inventories (percent change)
 Friday, May 15 at 10:00am (ET)                             Actual
                 Median:                              Mar20  Feb20  Jan20     
Inventories       -0.2%                                  --  -0.4%  -0.3%   
Comments: Business inventories for March are expected to decrease by -0.2% after
February's -0.4% drop, marking the fifth straight month of declining or flat
growth.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE,M$U$$$]