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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 Third Quarter (advance estimate)                                
 Friday, October 27 at 8:30 a.m. ET                      Actual:        
               Median        Range                   3Q17a   2Q17   1Q17
 GDP            +2.7%     +1.9% to +3.3%                --  +3.1%  +1.2%
 Chain Prices   +1.8%     +1.5% to +2.0%                --  +1.0%  +2.0%
     Comments: Analysts expected GDP to rise 2.7% in the advance        
estimate for the third quaters, only slightly below the 3.1% increase in
the second quarter. Analysts will watch closely to see the impact of the
hurricanes in August and September. The key drivers are expected to be  
an auto-related boost in PCE and an improved net export gap, offset by  
softer inventories and fixed investment. The chain price index is       
forecast to rise 1.8% after a 1.0% gain in the second quarter.          
University of Michigan Survey for October (final)                       
 Friday, October 28 at 10:00 a.m. ET                     Actual:        
                Median           Range              Oct17f Oct17p  Sep17
 Consumer Sent   101.0      100.0 to 101.5              --  101.1   95.1
     Comments: The Michigan Sentiment index is expected to be revised   
only slightly lower to a reading of 101.0 from the 101.1 preliminary    
estimate, keeping it well above the 95.1 reading in September. Record   
stock market levels and the belief that August and September's          
hurricane impacts were less than expected have lifted confidence.       
--MNI Washington Bureau; +1 202-371-2121; email: holly.stokes@marketnews.com
[TOPICS: M$U$$$]

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