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. 

ISM Non-Manufacturing Index (index)

 Monday, July 6 at 10:00am (ET)

     The ISM non-manufacturing index is expected to climb to 50.0 in June from

45.4 in May as businesses reopened. The Markit flash PMI rebounded nearly 10

points to 46.7 in June (expected to be finalized at 47.0).  

Initial Jobless Claims (millions)

 Thursday, July 9 at 8:30am (ET)                     

     There is no available Claims filed through July 4 should fall to 1.375

million after reaching 1.43 million in the week ending June 27. The pace of

initial claims has slowed in recent weeks, but by less than expected, and new

clusters of Covid-19 infections have appeared as states continue to reopen,

which could lengthen a labor market recovery.

Producer Price Index (percent change) 

 Friday, July 10 at 8:30am (ET)                                

                                                        Actual

                  Median                          Jun20  May20  Apr20     

PPI                +0.4%                             --  +0.4%  -1.3%     

Core PPI           +0.1%                             --  -0.1%  -0.3%     

Core PPI ex trade  +0.1%                             --  +0.1%  -0.9%     

     Month-over-month final demand PPI is expected to see another solid 0.4%

increase in June, extending price gains from May. Excluding food and energy, PPI

prices are likely to rise 0.1%, same as core PPI excluding trade. 

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

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