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US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Jul 12/17:06 EST Jul 12
     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.         
Treasury Statement for June ($ billions)                                
 Thursday, July 12 at 2:00 p.m ET                        Actual:        
             Median           Range              Jun18    May18    May17
 Balance    -$107.0b   -$135.0b to -$79.0b          -- -$146.8b -$90.2b 
     Comments: The US Treasury is expected to post a larger budget      
deficit for June than the $90.2 billion gap in June 2017. July 1 fell on
a weekend in both years, so outlays were shifted into June. The impact  
of the tax cuts should continue to be seen in the data in the form of   
lower tax receipts and wider budget gaps.                               
University of Michigan Survey for July (preliminary)                    
 Friday, July 13 at 10:00 a.m. ET                        Actual:        
                Median        Range                 Jul18p Jun18f  May18
 Consumer Sent   98.3      98.0 to 99.5                 --   98.2   98.0
     Comments: The Michigan Sentiment index is expected to rise very    
slightly to 98.3 in early-July from 98.2 in June. A balance between     
favorable current conditions and trade concerns weighing on future      
expectations has kept the headline index roughly unchanged since April. 
--MNI Washington Bureau; +1 202-372-2121; email: shikha.dave@marketnews.com
[TOPICS: MTABLE]

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