WASHINGTON (MNI) – The following is the text of a Philadelphia
Federal Reserve survey of professional forecasters. The forecasters
outlook for the economy has improved from three months ago, May 14:
Year Over Year Forecasts Of Professional Forecasters:
SUMMARY TABLE
MAJOR MACROECONOMIC INDICATORS
(YEAR-OVER-YEAR)
____________________________
2010 2011 2012 2013
(YEAR-OVER-YEAR)
____________________________
PERCENT GROWTH AT ANNUAL RATES
1. REAL GDP 3.3 3.1 3.2 2.9
(BILLIONS, CHAIN WEIGHTED)
2. GDP PRICE INDEX 0.9 1.7 N.A. N.A.
(PERCENT CHANGE)
3. NOMINAL GDP 4.1 4.6 N.A. N.A.
($ BILLIONS)
4. NONFARM PAYROLL EMPLOYMENT
(PERCENT CHANGE) -0.3 1.7 N.A. N.A.
(AVG MONTHLY CHANGE) -37.5 184.0 N.A. N.A.
VARIABLES IN LEVELS
5. UNEMPLOYMENT RATE 9.6 8.9 8.0 7.1
(PERCENT)
6. 3-MONTH TREASURY BILL 0.3 1.5 2.9 3.5
(PERCENT)
7. 10-YEAR TREASURY BOND 3.9 4.4 4.9 5.0
(PERCENT)
____________________
2010 2011 2012
(Q4-OVER-Q4)
____________________
INFLATION INDICATORS
8. CPI 1.6 2.0 2.4
(ANNUAL RATE)
9. CORE CPI 1.0 1.6 2.0
(ANNUAL RATE)
10. PCE 1.4 1.8 2.0
(ANNUAL RATE)
11. CORE PCE 1.2 1.6 1.8
(ANNUAL RATE)
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** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,M$$CR$,MK$$$$]
