US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Jun 27/17:06 EST Jun 27

     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.                                                       

Personal Income for May (percent change)                                

 Friday, June 28 at 8:30 a.m. ET                         Actual:        

               Median         Range                  May19  Apr19  Mar19

 Income        +0.3%     +0.2% to +0.5%                 --  +0.5%  +0.1%

 Spending      +0.3%     +0.1% to +0.6%                 --  +0.3%  +1.1%

 Core Prices   +0.2%     +0.1% to +0.2%                 --  +0.2%  +0.1%

     Comments: Personal income is expected to rise by 0.3% in May, as   

payrolls rose by only 75,000, the average workweek was unchanged, and   

hourly earnings posted a trend 0.2% gain. PCE is expected to be rise by 

0.3%, based on stronger retail sales data in May and an upward revision 

to sales in the previous month. Core PCE prices are expected to rise by 

0.2% in May, which should keep the year/year rate at 1.6%. Core PCE     

prices rose by 0.2% in May 2018.                                        

MNI Chicago Report for June (index)                                     

 Friday, June 28 at 9:45 a.m. ET                          Actual:       

               Median         Range                  Jun19  May19  Apr19

 MNI Chicago    54.1      52.0 to 56.0                  --   54.2   52.6

     Comments: The MNI Chicago PMI is expected to fall back slightly to 

a reading of 54.1 in June after a modest gain to 54.2 in May. Other     

regional data already released have suggested a considerable slowdown in

the month.                                                              

University of Michigan Survey for June (final)                          

 Friday, June 28 at 10:00 a.m. ET                         Actual:       

                Median        Range                  Jun19f Jun19p May19

 Consumer Sent   98.0     97.2 to 100.0                  --   97.9 100.0

     Comments: The Michigan Sentiment index is expected to be revised   

up very slightly to a reading of 98.0 in June after slipping to 97.9 in 

the preliminary estimate.                                               

--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com

[TOPICS: MTABLE]