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

               Median         Range                  2Q19a   1Q19   4Q18

 GDP            +1.8%    +1.2% to +2.8%                 --  +3.1%  +2.2%

 Chain Prices   +1.9%    +1.4% to +2.3%                 --  +0.9%  +1.7%

     Comments: Analysts see a 1.8% increase for second quarter GDP in   

the advance estimate, much slower than the 3.1% gain in the first       

quarter. The key factors are expected to be a wider trade gap and slower

inventory build, with fixed investment roughly flat. The PCE component, 

however is expected to show significant acceleration after a softer     

first quarter. The chain price index is expected to rise by 1.9% in the 

second quarter after a 0.9% gain in the previous quarter. Annual        

revisions will be released with this week's data.                       

--MNI Washington Bureau; tel: +1 202-371-2121; email: kevin.kastner@marketnews.com

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