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]