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US Data: Highlights of Market Survey of Economic Forecasts

(MNI) WASHINGTON
Repeats Story Initially Transmitted at 21:06 GMT Jul 22/17:06 EST Jul 22
     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, July 23 at 8:30am (ET)
     Initial jobless claims filed through July 18 are expected to be steady at
1.30 million after dipping to 1.30 million in the week ending July 11. That
would mark the 17th straight week of initial filings topping 1 million. Initial
claims have remained stubbornly high in recent weeks and coronavirus case counts
have been surging in some parts of the country, forcing many states to either
pause or reverse their plans to reopen. Continuing claims are expected to dip to
17.100 million from 17.338 million. 
IHS-Markit PMIs (index)
 Friday, July 24 at 9:45am (ET)   
     U.S. manufacturing activity rebounded in July, with markets calling for the
IHS Markit flash U.S. Manufacturing PMI to increase to 52.0 from 49.8 in June.
That would mark the first expansionary reading since February. Service-sector
activity should similarly recover, with analysts forecasting a 2.7-point
increase in the July IHS Markit flash Services PMI to 51.0, also the first
indication of expansion since January.
New Home Sales (thousands)
 Friday, July 24 at 10:00am (ET)  
     June new home sales are expected to rebound to 700,000 from May's 676,000
annualized pace. 
--MNI Washington Bureau; +1 202-371-2121; email: jean.yung@marketnews.com
[TOPICS: MTABLE]
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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