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US Data: Highlights of MNI Survey of Economic Forecasts

     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.    
Existing-home Sales for April (annual rate)                           
 Tuesday, May 21 at 10:00 a.m. ET                        Actual:
                 Median       Range                  Apr19  Mar19  Feb19
 Home Resales     5.37m  5.25m to 5.40m                 --  5.21m  5.48m
     Comments: The pace of existing home sales is expected to 
accelerated to 5.37 million in April after a pulling back to 5.21 
million in March. Home sales are well below their year ago levels 
despite some recent recovery in sales and supply. 
Weekly Jobless Claims for May 18 week                                
 Thursday, May 23 at 8:30 a.m. ET                         Actual:       
               Median         Range                  May18  May11  May04
 Weekly Claims  215k      210k to 217k                  --   212k   228k
     Comments: The level of initial jobless claims is expected to rise by 
3,000 to 215,000 in the May 18 survey week after falling by 16,000 to 
212,000 in the previous week. Claims were at a decades-low level of 
193,000 in the April 13 survey week, so the comparison will be 
unfavorable. The four-week moving average would fall by 3,750 this week 
as the 230,000 level in the April 20 week rolls out of the calculation. 
New Home Sales for April (annual rate)
 Thursday, May 23 at 10:00 a.m. ET                       Actual:        
               Median         Range                  Apr19  Mar19  Feb19
 New Homes      666k      625k to 690k                  --   692k   662k 
     Comments: The pace of new home sales is forecast to slow to 666,000 
in April after solid increases in the previous three months that lifted 
the current month above its year-ago level. 
Durable Goods Orders for April (percent change)
 Friday, May 24 at 8:30 a.m. ET                          Actual:        
               Median         Range                  Apr19  Mar19  Feb19 
 New Orders     -2.3%   -10.0% to +0.1%                 --  +2.8%  -2.6% 
 Ex-Transport   +0.2%    -0.4% to +0.5%                 --  +0.2%  -0.3%
     Comments: Durable goods orders are expected to fall by 2.3% in 
April after a revised 2.8% gain in March. Boeing orders fell sharply to 
just 4 in April from 44 in March. Durable goods orders are expected to 
rise by 0.2% outside of the transportation component.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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