US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Jul 27/17:06 EST Jul 27

     WASHINGTON (MNI) - The following are highlights of forecasts for   

upcoming U.S. economic indicators provided by participants in the MNI   

weekly survey. The comment section presents the key elements behind the 

median forecasts.       

GDP for Second Quarter (advance estimate)                               

 Friday, July 28 at 8:30 a.m. ET                         Actual:        

               Median        Range                   2Q17a   1Q17   4Q16

 GDP            +2.7%   +1.9% to +3.5%                  --  +1.4%  +2.1%

 Chain Prices   +1.3%   +1.0% to +2.7%                  --  +1.9%  +2.1%

     Comments: First quarter GDP is expected to rise 2.7% after a 1.4%  

increase in the previous quarter. The key factors are expected to be    

stronger PCE growth and inventory accumulation and slightly improved    

nonresidential fixed investment, offset by softer residential fixed     

investment growth and modestly wider trade gap. The chain price index is

forecast to rise 1.3% after the first quarter's 1.9% gain. Annual       

revisions will be included with the data.                               

Employment Cost Index for Second Quarter (percent change)               

 Friday, July 28 at 8:30 a.m. ET                         Actual:        

                 Median       Range                   2Q17   1Q17   4Q16

 Construction     +0.6%   +0.5% to +0.7%                --  +0.8%  +0.5%

     Comments: Analysts expected the Employment Cost Index to rise by   

0.6% in the second quarter after a surprisingly strong 0.8% gain in the 

first quarter.                                                          

University of Michigan Survey for July (final)                          

 Friday, July 28 at 10:00 a.m. ET                        Actual:        

                Median       Range                  Jul17f Jul17p  Jun17

 Consumer Sent   93.2     93.0 to 94.5                  --   93.1   95.1

     Comments: The Michigan Sentiment Index is expected to be revised up

slightly to 93.2 in July, still down from 95.1 in June.                 

--MNI Washington Bureau; +1 212-800-8517; email: sara.haire@marketnews.com

[TOPICS: MTABLE]