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     WASHINGTON (MNI) - The following are highlights of forecasts for   
upcoming U.S. economic indicators provided by participants in the MNI   
weekly survey. The comment section presents the key elements behind the 
median forecasts.                                                  
Producer Price Index for April (percent change)                         
 Wednesday, May 9 at 8:30 a.m. ET                        Actual:        
                 Median         Range                Apr18  Mar18  Feb18
 Final Demand    +0.2%      +0.2% to +0.4%              --  +0.3%  +0.2%
 Ex Food,Energy  +0.2%      +0.2% to +0.3%              --  +0.3%  +0.2%
     Comments: Final demand PPI is expected to rise 0.2% in April after 
a 0.3% gain in March. Energy prices are expected to surge after a dip in
March, with gasoline a driving factor, while food prices are expected to
flatten after surging in the previous month. Excluding food and energy  
prices, PPI is forecast to rise 0.2% after a stronger than expected 0.3%
increase in the previous month.                                         
Weekly Jobless Claims for May 5 week                                    
 Thursday, May 10 at 8:30 a.m. ET                         Actual:       
                 Median         Range                May05  Apr28  Apr21
 Weekly Claims   215k        215k to 223k               --   211k   209k
     Comments: The level of initial jobless claims is expected to post a
further increase in the May 5 week, rising by 4,000 to 215,000 after a  
small 2,000 increase in the previous week that kept claims very near a  
decades-low level. The four-week moving average would fall by 4,500 in  
the coming week as the 233,000 level in the April 7 week drops out of   
the calculation, assuming the MNI forecast is correct and there are no  
revisions. This would set another new 45-year record if it is realized. 
Consumer Price Index for April (percent change)                         
 Thursday, May 10 at 8:30 a.m. ET                        Actual:        
              Median         Range                   Apr18  Mar18  Feb18
 CPI          +0.3%      +0.2% to +0.3%                 --  -0.1%  +0.2%
 CPI Core     +0.2%      +0.2% to +0.2%                 --  +0.2%  +0.2%
     Comments: The CPI is expected to rise 0.3% in April following a    
weaker-than-expected 0.1% decline in March. The year/year rates should  
stabilize or even decline modestly after a runup in March due to base   
factors from a year ago. For April, AAA reported a modest gain in       
mid-month prices from March, which could support a rebound in CPI       
gasoline prices after a March decline. The core CPI is forecast to rise 
0.2% following a similar increase in the previous month.                
Treasury Statement for April ($ billions)                               
 Thursday, May 10 at 2:00 p.m ET                         Actual:        
             Median           Range              Apr18    Mar18    Apr17
 Balance     +$173.5b  +$172.0b to +$175.0b         -- -$208.7b +$182.4b
     Comments: The US Treasury is expected to post a $173.5 billion     
budget surplus in the April tax month, down from the $182.4 billion     
surplus in April 2017. Lower-than-normal receipts and higher outlays    
should both be seen in the data.                                        
University of Michigan Survey for May (preliminary)                     
 Friday, May 11 at 10:00 a.m. ET                         Actual:        
                Median           Range              May18p  Apr18  Mar18
 Consumer Sent  99.0          97.0 to 100.0             --  98.8   101.4
     Comments: The Michigan Sentiment index is expected to rebound very 
modestly to a reading of 99.0 in early-May after dipping to 98.8 in     
April. Concerns in the previous month regarding potential trade wars and
financial market movements were less of a factor at the end of April and
start of May.                                                                
--MNI Washington Bureau; +1 202-371-2121; email:
[TOPICS: M$U$$$]

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