MNI China Daily Summary: Wednesday, June 5

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US MBA: REFIS -7% SA; PURCH INDEX -4% SA THRU MAY 31 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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US Data: Highlights of MNI Survey of Economic Forecasts 

Repeats Story Initially Transmitted at 20:06 GMT Oct 26/16:06 EST Oct 26
     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 Third Quarter (advance estimate)                                
 Friday, October 27 at 8:30 a.m. ET                      Actual:        
               Median        Range                   3Q17a   2Q17   1Q17
 GDP            +2.7%     +1.9% to +3.3%                --  +3.1%  +1.2%
 Chain Prices   +1.8%     +1.5% to +2.0%                --  +1.0%  +2.0%
     Comments: Analysts expected GDP to rise 2.7% in the advance        
estimate for the third quarter, only slightly below the 3.1% increase in
the second quarter. Analysts will watch closely to see the impact of the
hurricanes in August and September. The key drivers are expected to be
inventories, business investment and net export gap, offset by softer
residential investment, with uncertainty on impact of consumer and 
government spending. The chain price index is forecast to rise 1.8% after 
a 1.0% gain in the second quarter.          
University of Michigan Survey for October (final)                       
 Friday, October 28 at 10:00 a.m. ET                     Actual:        
                Median           Range              Oct17f Oct17p  Sep17
 Consumer Sent   101.0      100.0 to 101.5              --  101.1   95.1
     Comments: The Michigan Sentiment index is expected to be revised   
only slightly lower to a reading of 101.0 from the 101.1 preliminary    
estimate, keeping it well above the 95.1 reading in September. Record   
stock market levels and the belief that August and September's          
hurricane impacts were less than expected have lifted confidence.       
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com
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