May M3 Mar-May
%yoy 3MMA %yoy

Median* 0.4 0.0
High forecast 0.6 0.1
Low forecast -0.1 -0.2
Number of responses 13 10

Barclays Cap. 0.3 0.0
Action Economics 0.4 0.1
Commerzbank 0.4 na
Capital Economics 0.3 na
West LB 0.1 0.0
Credit Agricole na na
Nomura na na
4Cast 0.0 na
Natixis 0.5 0.1
BNP Paribas 0.4 0.0
Unicredit 0.4 na
UBS -0.1 -0.2
DZ Bank 0.4 0.0
Goldman Sachs na 0.0
Citi 0.2 0.0
Soc. Generale 0.6 0.1

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* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, June 25.

[TOPICS: M$XDS$,M$X$$$]