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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 First Quarter (advance estimate)
 Friday, April 26 at 8:30 a.m. ET                        Actual:        
               Median         Range                  1Q19a   4Q18   3Q18
 GDP            +2.0%    +1.5% to +2.5%                 --  +2.2%  +3.4% 
 Chain Prices   +1.8%    +1.5% to +2.5%                 --  +1.7%  +1.8%
     Comments: Analysts see GDP rising by 2.0 in the first quarter's 
advance estimate, below the 2.2% gain in the fourth quarter. Analysts 
cite the fading effects of a tax stimulus, the parital government 
shutdown, and severe weather conditions as the key negative factors and 
residential construction and exports as positive factors. The chain 
price index is expected to rise to a 1.8% rate from the 1.7% gain in 
the previous quarter. 
University of Michigan Survey for April (final)          
 Friday, April 26 at 10:00 a.m. ET                       Actual:
                Median        Range                  Apr19f Apr19p Mar19
 Consumer Sent    97.3    97.0 to 97.7                   --  96.9   98.4
     Comments: The Michigan Sentiment index is expected to be revised up 
to a reading of 97.3 in March. This would keep the index below the 98.4 
reading in March.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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