US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT May 9/17:06 EST May 9

     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.         

Consumer Price Index for April (percent change)                       

 Friday, May 10 at 8:30 a.m. ET                          Actual:        

              Median         Range                   Apr19  Mar19  Feb19

 CPI           +0.4%    +0.2% to +0.5%                  --  +0.4%  +0.2% 

 CPI Core      +0.2%    +0.1% to +0.2%                  --  +0.1%  +0.1%

     Comments: CPI is expected to rise 0.4% in April after the same 

increase in the previous month. Gasoline prices are expected to post a 

further gain, as suggested by the monthly AAA data. Food prices are 

expected to flatten out after posting a 0.3% rise in March. The core CPI 

is forecast to rise 0.2% following below-trend 0.1% gains in the 

previous two months. An extremely large apparel price decline was a key 

factor in March that could be reversed in the April report. 

Treasury Statement for April ($ billions)                           

 Friday, May 10 at 2:00 p.m. ET                          Actual:

             Median           Range             Apr19    Mar19    Mar18

 Balance   +$142.0b   +$134.0b to +$153.0b          -- -$146.9b +$214.3b

     Comments: The US Treasury is expected to post a $142.0 billion 

budget surplus in the April tax month, much smaller than the $214.3 

billion surplus in April 2018.

--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com

[TOPICS: MTABLE]