US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 05:03 GMT May 21/01:03 EST May 21

     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, May 21 at 8:30am (ET)                     

                                                         Actual

                   Median                          May16  May09  May02       

Claims             2.400m                             -- 2.981m 3.176m      

     Comments: Jobless claims filed through May 16 are expected to reach 2.400

million Thursday after slowing to 2.981 million in the Labor Department's weekly

unemployment insurance report last week. The Labor Department has said the

coronavirus outbreak continues to push up the level of initial claims, which

analysts say should remain at levels above 1 million for at least several more

weeks. Continuing claims are also nearing a peak, analysts say, and climbed to

another record-setting 22.8 million level in last Thursday's report. 

Philadelphia Fed Manufacturing Index (index)

 Thursday, May 21 at 8:30am (ET)                

                                                          Actual        

               Median                               May20  Apr20  Mar20    

Index              --                                  --  -56.6  -12.7       

     Comments: No BBG estimate is available at this time.

Existing Home Sales for April (millions)

 Thursday, May 21 at 10:00am (ET)                      

                                                          Actual        

                      Median                        Apr20  Mar20  Feb20

Existing Home Sales    4.22m                           --  5.27m  5.76m   

     Comments: April's existing home sales are expected to drop to 4.22 million,

down from March's 5.27 million, which would constitute the lowest level in

existing home sales since July 2011 when they hit 4.15 million.

--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com

[TOPICS: MTABLE]