US Data: Highlights of MNI Survey of Economic Forecasts

     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 27 at 8:30 a.m. ET                       Actual:          

               Median         Range                  2Q18a   1Q18   4Q17

 GDP           +4.4%        +3.7% to +4.8%              --  +2.0%  +2.9%

 Chain Prices  +2.1%        +1.5% to +2.4%              --  +2.2%  +2.3%

     Comments: Second quarter GDP is expected to rise 4.4% in the       

advance estimate after a 2.0% gain in the first quarter, with the key   

factors being stronger PCE growth, stronger nonresidential fixed        

investment growth, and a narrower net export gap. The chain price index 

is expected to rise by 2.1% in the second quarter after a 2.2% gain in  

the first quarter. Comprehensive benchmark revisions will be included   

with the data.                                                          

University of Michigan Survey for July (final)                          

 Friday, July 27 at 10:00 a.m. ET                        Actual:        

                Median        Range                 Jul18f Jul18p  Jun18

 Consumer Sent   97.3      97.0 to 97.6                 --   97.1   98.2

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

very slightly to a reading of 97.3 in July from the 97.1 preliminary    

estimate.                                                               

--MNI Washington Bureau; +1 202-372-2121; email: shikha.dave@marketnews.com

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