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US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Oct 25/17:06 EST Oct 25
     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 26 at 8:30 a.m. ET                      Actual:        
               Median         Range                  3Q18a   2Q18   1Q18
 GDP            +3.3%    +2.9% to +3.6%                 --  +4.2%  +2.2% 
 Chain Prices   +1.9%    +1.7% to +2.1%                 --  +3.0%  +2.0%
          Comments: Analysts see a 3.3% increase for third quarter GDP in the 
advance estimate, softer than the 4.2% gain in the second quarter, but 
still above the first quarter. The key factors are expected to be softer 
business investment and net exports than in the previous quarter, with 
the latter offering payback for the strong export growth in the second 
quarter ahead of the tariff implementation. Consumption is expected to 
again be a very positive factor in the headline number. The chain price 
index is expected to rise by 1.9% in the third quarter after a 3.0% gain 
in the previous quarter. 
     University of Michigan Survey for October (final)          
 Friday, October 26 at 10:00 a.m. ET                     Actual:        
                Median        Range                 Oct18f Oct18p  Sep18
 Consumer Sent    99.0    98.6 to 99.5                  --   99.0  100.1
          Comments: The University of Michigan Sentiment index is expected to 
be unrevised at a reading of 99.0, down from September but still solidly 
ahead of readings in the summer.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE]

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