Free Trial

US Data: Highlights of MNI Survey of Economic Forecasts

     WASHINGTON (MNI) - The following are highlights of market forecasts for
upcoming U.S. economic indicators. The comment section presents the key elements
behind the median forecasts. 
     Second Quarter GDP - final estimate 
 Thursday, September 26 at 8:30 a.m. ET                   Actual:        
              Median                             Q219f   Q219p   Q119f
 GDP           +2.0%                             --     +2.0%    +3.1%
 Price Index   +2.4%                             --     +2.4%    +1.1%
          Comments: Second quarter GDP is anticipated to remain unrevised at
2.0% with the price index at 2.4%. 
Advance Goods Trade Gap (billions) 
 Thursday, September 26 at 8:30 a.m. ET                   Actual:        
              Median                              Aug19  Jul19  Jun19
Gap           -$73.4b                             --   -$72.3b -$75.1b
          Comments: The August advance trade deficit for goods is projected 
to widen to -$73.4 billion in August from a July reading of -$72.3 
billion. 
Wholesale Inventories (index) 
 Thursday, August 26 at 8:30 a.m. ET                   Actual:        
              Median                             Aug19  Jul19  Jun19
 Index         0.2%                               --     0.2%   Flat
          Comments: Wholesale inventories for August are expected to rise by
another 0.2%.
Durable Goods New Orders 
 Friday, September 27 at 8:30 a.m. ET                   Actual:        
              Median                             Aug19  Jul19  Jun19
 Index        -1.2%                                --   +2.0% +1.8%
 ex-trans:    +0.3%                                --   -0.4% +0.8%
     Comments: Durable goods new orders are expected to decrease by 1.2% 
after strong increases seen in both July and June. Excluding transport, 
however, the durable orders are slated to accelerate by 0.3%. 
Personal Income PCE Index
 Friday, September 27 at 8:30 a.m. ET                   Actual:        
                   Median                           Aug19  Jul19 Jun19
Pers Income         +0.4%                            --    +0.1% +0.1%
Curr Dollar:        +0.3%                            --    +0.6% +0.3%
Total PCE:          +0.1%                            --    +0.2% +0.1%
Core PCE:           +0.2%                            --    +0.2% +0.2%
     Comments:  Personal Income is anticipated to accelerate to a 0.4% rise in
August.
--MNI Washington Bureau; +1 202 371 2121; email: alexandra.kelley@marketnews.com
[TOPICS: MTABLE,M$U$$$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.