Business Week Index: THE WEEK AHEAD
BusinessWeek Index: THE WEEK AHEAD
Monday, July 31, 8:30 a.m. -- Personal income probably rose 0.6% in June, says
the median forecast of economists surveyed by MMS International, one of The
McGraw-Hill Cos. Income fell 0.2% in May, but job gains in June erased the
drop. June consumer spending likely increased 0.5%, after a 0.7% jump in May.
Upward revisions to retail sales suggest that consumer purchases grew modestly
Tuesday, Aug. 1, 10 a.m. -- Building outlays likely rose 0.4% in June, after
falling 1.5% in May. That's indicated by an increase in single-family housing
Tuesday, Aug. 1, 10 a.m. -- The business activity index compiled by the
National Association of Purchasing Management probably stood at 47% in July,
after slipping to 45.7% in June.
Wednesday, Aug. 2, 8:30 a.m. -- The government's composite index of leading
indicators likely rose 0.3% in June. If so, that would be the index' first rise
NEW HOME SALES
Wednesday, Aug. 2, 10 a.m. -- The MMS survey forecasts that sales of new
single-family homes fell to an annual rate of 673,000 in June, following a
19.9% surge in May that pushed sales up to a 722,000 pace.
Thursday, Aug. 3, 10 a.m. -- Factory inventories likely rose 0.3% in June, half
of the 0.6% increase in May. That's suggested by flat factory output in June.
Friday, Aug. 4, 8:30 a.m. -- The MMS survey forecasts that nonfarm payrolls
probably grew by 140,000 in July, after a 215,000 gain in June. Factory jobs,
however, are expected to decline for the fourth month in a row. Unemployment
likely rose to 5.7% in July, from 5.6% in June.