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US Data: Highlights of Market Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Jun 10/17:06 EST Jun 10
     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, June 11 at 8:30am (ET)                     
                                                           Actual
                   Median                          June06   May30   May23
Claims             1.550m                              --  1.877M  2.126m     
     Comments: The jobless claims surge is slowly subsiding, but it remains at
record-high levels with next week's new initial claim filings expected to reach
1.550 million. In the wake of weakened consumer demand, lockdowns, and continued
social distancing, over 42 million claims have been filed in the last 11 weeks.
The latest jobs report released Friday suggests a rosier picture with payrolls
rising by 2.5 million last month. Analysts attribute the divergence to state
backlogs in processing filings and workers returning to their jobs as the
economy reopened. 
Producer Price Index (percent change) 
 Thursday, June 11 at 8:30am (ET)                      
                                                        Actual
                  Median                          May20  Apr20  Mar20     
PPI                +0.1%                             --  -1.3%  -0.2%     
Core PPI           -0.1%                             --  -0.3%  +0.2%     
Core PPI ex trade  -0.1%                             --  -0.9%  -0.2%     
     Comments: Month-over-month final demand PPI is expected to grow slightly by
0.1%, halting three straight month of declines. Core PPI is expected to shrink
for the second straight month while core PPI ex trade should fall by -0.1%.
Import/Export Prices (percent change)
 Friday, June 12 at 8:30am (ET)                           Actual
                    Median                           May20  Apr20  Mar20        
Import Price Index   +0.7%                              --  -2.6%  -2.3%
Export Price Index   +0.7%                              --  -3.3%  -1.6%   
Comments: The import price index is expected to increase by 0.7% with the export
price index also climbing by 0.7%, marking the end to the three straight months
of decreases for both indexes.
University of Michigan Survey of Consumers for April (preliminary)
 Friday, June 12 at 10:00am (ET)
                                                           Actual
                          Median                  Jun20(p)  May20  Apr20   
Consumer Sent               75.0                     --      72.3   71.8 
Comments: U.S. consumer sentiment likely rose in June, with markets expecting
the University of Michigan's measure to hit 75.0, up from 72.3 in May. April's
71.8 reading was the lowest reading since December 2011 when the index reached
69.9. Consumer sentiment has slipped in recent months as the Covid-19 pandemic
forced businesses across the globe to temporarily, and in some cases
permanently, close their doors. But sentiment improved last month as coronavirus
relief funds under the CARES Act were distributed to households, University of
Michigan researchers said in May's preliminary report.
--MNI Washington Bureau; +1 202 371 2121; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE]

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