REPEAT: US DATA PREVIEW: The median expectation......>

US DATA PREVIEW: REPEAT: The median expectation for 3Q advance GDP sits at

+2.7%, with a wide range from +1.9% to +3.3% due to hurricane uncertainty. The

chain price index is expected to post +1.8%, with a narrower range of +1.5% to

+2.0%. In recent history, 3Q adv estimates have come in right at or below the

report, suggesting analysts could be surprised once again with a higher than

expected reading for GDP. However, even if GDP comes in at the softer +2.7%

forecast, this would still be the best two consecutive quarters for GDP growth

since the first half of 2015, with 2Q at +3.1%. Gains are expected to come from

inventory build up, business investment, and trade, while analysts predict a

drag from residential investment. Analysts are divided on whether consumer and

government spending will support or limit GDP growth. See MNI main wire for the

full preview.