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By Jai Lakhani
     LONDON (MNI) - A light data week in the UK kicks off Monday with the
release of the CBI Industrial Trends Survey. The prior order balance was +7 for
August and the MNI median points to a slight drop in the reading to +4 for
September. The CBI Distributive trades survey is next up on the Thursday. After
an impressive reading in the previous month's sales balance of +29, the MNI
median for September is +17.
                                September                       September
-------------------------------------------------------------------------
                    CBI Industrial Trends  CBI Distributive Trades Survey
                     Retail Sales Balance            Retail Sales Balance
                                        %                               %
Date Out                           24-Sep                          27-Sep
Median                                4.0                            17.0
Forecast High                         5.0                            20.0
Forecast Low                          1.0                            13.0
Standard Deviation                    1.9                             3.5
Count                                   4                               3
Prior                                 7.0                            29.0
Natwest Markets                       1.0                            17.0
Nomura                                3.0                             N/A
Oxford Economics                      5.0                            20.0
Pantheon                              5.0                            13.0
     On Friday, the second estimate of the UK's Q2 GDP is published. The q/q
growth rate is anticipated to come in at 0.4%, whilst the quarterly y/y rate is
at 1.3%. The poll of analysts for both these measures agreed unanimously. The Q2
current account is expected to widen to stg18.9 bn from stg17.7 bn in Q1. 
                    2018 Q2    July        July
-----------------------------------------------
                    Current      UK          UK
                    Account  Q2 GDP         GDP
                     stg bn    Rate        Rate
                             %3M/3M  % 3M (Y/Y)
Date Out             28-Sep  28-Sep      28-Sep
Median                -18.9     0.4         1.3
Forecast High         -17.0     0.4         1.4
Forecast Low          -20.0     0.4         1.3
Standard Deviation      0.9     0.0         0.0
Count                    10      19          15
Prior                 -17.7     0.4         1.3
Berenberg               N/A     0.4         N/A
BofAML                  N/A     0.4         1.3
Capital Economics       N/A     0.4         1.3
Citi                    N/A     N/A         N/A
Credit Suisse           N/A     0.4         1.3
Commerzbank           -20.0     0.4         N/A
Deka                    N/A     0.4         1.3
Deutsche Bank           N/A     0.4         1.3
HSBC                  -18.1     N/A         1.3
ING                     N/A     N/A         1.3
Investec              -19.3     0.4         1.3
Lloyds TSB            -18.5     0.4         1.3
Morgan Stanley          N/A     0.4         N/A
Natixis                 N/A     0.4         1.3
Natwest Markets       -18.4     0.4         1.4
Nomura                -17.0     0.4         N/A
Oxford Economics      -19.5     0.4         1.3
Pantheon              -19.5     0.4         1.3
RBC                     N/A     0.4         1.3
Standard Chartered    -18.5     0.4         N/A
Societe Generale      -19.4     0.4         N/A
UBS                     N/A     0.4         1.3
     The UK's Gfk consumer sentiment is expected to drop back to -8 for
September after moving up to -7 in August.
                             September
--------------------------------------
                                    UK
                                   Gfk
                    Consumer Sentiment
Date Out                        28-Sep
Median                            -8.0
Forecast High                     -6.0
Forecast Low                     -10.0
Standard Deviation                 1.4
Count                               13
Prior                             -7.0
BofAML                           -10.0
Capital Economics                 -6.0
Citi                              -6.0
Commerzbank                       -6.0
Deka                              -8.0
HSBC                              -8.0
Investec                         -10.0
Lloyds TSB                        -6.0
Natwest Markets                   -8.0
Oxford Economics                  -8.0
Pantheon                          -8.0
Societe Generale                  -8.0
--MNI London Bureau; +44 203 865 3828; email: jai.lakhani@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MABPR$,M$B$$$,M$E$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com