US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Aug 28/17:06 EST Aug 28

 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 (second estimate)

 Thursday, August 29 at 8:30 a.m. ET                     Actual:        

               Median        Range                   2Q19s  2Q19a   1Q19

 GDP            +2.0%    +1.8% to +2.1%                --  +2.1%   +3.1% 

          Comments: Second quarter GDP is expected to be revised down to a 

2.0% rate from the 2.1% gain in the advance estimate. 

     Personal Income for July (percent change)                          

 Friday, August 30 at 8:30 a.m. ET                     Actual:     

              Median          Range                  Jul19  Jun19  May19

 Income        +0.3%     +0.1% to +0.5%                --   +0.4%  +0.4% 

 Total         +0.2%     +0.2% to +0.3%                --   +0.3%  +0.5%

 Core Prices   +0.2%     +0.2% to +0.3%                --   +0.2%  +0.2%

          Comments: Personal income is expected to post a 0.3% increase in 

July. The relative steadiness may be attributed to a strong labor market 

and relatively high consumer activity despite recession fears. 

--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com

[TOPICS: MTABLE]