US Data: Highlights of Market Survey of Economic Forecasts

     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.

Personal Income (percent change)

 Friday, June 26 at 08:30am ET               

                                                             Actual        

                          Median                       May20  Apr20  Mar20    

Personal income            -6.0%                          -- +10.5%  -2.2%    

Personal spending          +9.0%                          -- -13.6%  -6.9%    

Total Price index           flat                          --  -0.5%  -0.2%    

Core PCE price index        flat                          --  -0.4%   flat    

     Comments: Personal income in May is expected to drop by -6.0% in what would

be the largest m/m contraction ever recorded since the report's inception in

1959 after April's record-setting jump. Personal spending is expected to rebound

by +9.0% as the country reopened. The total price index is expected to be flat

after falling for two months with the core PCE price index also flat after

falling -0.4% in April.

University of Michigan Survey of Consumers 

 Friday, June 26 at 10:00am (ET)

                                                             Actual

                          Median                     Jun20(f) May20  Apr20   

Consumer Sent               79.0                          --   72.3   71.8 

Comments: U.S. consumer sentiment likely rose to 79.0 in June, unchanged from

the preliminary estimate. This would mark a second straight gain, by 6.6 point

from May's 72.3 reading. Consumer sentiment is expected to rebound further as

the businesses reopen, though few consumers anticipate the reestablishment of

favorable economic conditions anytime soon, survey chief Richard Curtin said in

the June preliminary report. 

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

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