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US Data: Highlights of MNI Survey of Economic Forecasts 

Repeats Story Initially Transmitted at 21:06 GMT Jul 26/17:06 EST Jul 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 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
[TOPICS: MTABLE]
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