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Market News Topics
May 20, 2019 12:28 GMT
US Data: Highlights of MNI Survey of Economic Forecasts
Repeats Story Initially Transmitted at 21:06 GMT May 20/17:06 EST May 20
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 5.38m 5.25m to 5.40m -- 5.21m 5.48m
Comments: The pace of existing home sales is expected to accelerate
to a 5.38 million annual rate in April after a pulling back to a 5.21
million rate 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 670k 625k to 692k -- 692k 662k
Comments: The pace of new home sales is forecast to slow to 670,000
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 -2.0% -10.0% to +0.1% -- +2.8% -2.6%
Ex-Transport +0.2% -0.4% to +0.7% -- +0.2% -0.3%
Comments: Durable goods orders are expected to fall by 2.0% 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; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com
[TOPICS: MTABLE]
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Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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