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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.
Retail Sales (percent change)
 Friday, May 15 at 8:30am (ET)                     
                  Median                       Apr20  Mar20  Feb20     
Retail Sales      -11.0%                          --  -8.4%  -0.4%   
Retail ex mv       -8.5%                          --  -4.5%  -0.4%    
Retail ex mv+gas   -7.6%                          --  -2.8%  -0.2%     
     Comments: U.S. retail sales likely fell sharply in April, with preliminary
estimates seeing a -11.9% 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
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)                         
                          Median                      Apr20  Mar20  Feb20    
Industrial Production     -12.0%                         --  -5.4%  +0.5%   
Capacity Utilization       63.8%                         --  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 63.8%, 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)                                
                          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
--MNI Washington Bureau; +1 202 371 2121; email:

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