Free Trial

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
[TOPICS: MTABLE,M$U$$$]
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.