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US Data: Highlights of Market Estimates of Economic Forecasts

Repeats Story Initially Transmitted at 22:06 GMT Dec 19/17:06 EST Dec 19
     WASHINGTON (MNI) - The following are highlights of forecasts for upcoming
U.S. economic indicators provided by Bloomberg estimates. The comment section
presents the key elements behind the median forecasts. 
Q3 GDP (final estimate)
 Friday, December 20th at 8:30 a.m. ET                            
                                                                  Actual:       
                            Median                           Q3(f)  Q3(p)    Q2 
GDP                            2.1                             --    2.1    2.0 
Price Index                    1.8                             --    1.8    2.4 
     Comments: The final Q3 GDP estimate is projected to remain unchanged from
the second estimate at 2.1%, still above the final Q2 GDP estimate of 2.0%.
Despite a slowdown in global manufacturing which has bogged down business
spending and export growth, gains in consumer spending and rising consumer
confidence are likely to prop up the headline figure. The Q3 GDP price index is
also expected to remain unchanged from the second estimate at 1.8%, a slowdown
from 2.4% in the second quarter.
November Personal Income (percent change)
 Friday, December 20th at 10:00 a.m. ET                      
                                                                  Actual:       
                            Median                            Nov19 Oct19 Sep19
Personal income                0.3                               --  flat    0.2
Current dollar PCE             0.4                               --   0.3    0.3
PCE Price index                0.2                               --   0.2   flat
Core PCE price index           0.1                               --   0.1   flat
     Comments: Personal income in October is expected to grow at 0.3% following
strong employment numbers from November. Current dollar personal consumption
expenditures are expected to grow 0.4%. PCE headline inflation is expected to
rise by 0.2% and core by 0.1%, same as in October. Upward revisions to wage
data, which were included in last month's payrolls, also suggest a positive
revision to October's flat current dollar PCE growth. 
--MNI Washington Bureau; +86 (10) 8532-5998; email: ryan.hauser@marketnews.com
[TOPICS: MTABLE]

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