Business Week Index: THE WEEK AHEAD
BusinessWeek Index: THE WEEK AHEAD
Monday, Aug. 7 -- Consumers probably added about $10.5 billion in new debt in
June, says the median forecast of economists surveyed by MMS International, one
of the McGraw-Hill Cos. That's suggested by the 0.7% jump in June retail sales.
Consumer borrowing has skyrocketed in 1995. In May alone, installment credit
surged $11.5 billion.
PRODUCTIVITY & COSTS
Tuesday, Aug. 8, 10 a.m. -- Productivity in the nonfarm sector likely grew at
an annual rate of about 1.5% in the second quarter. Although the increase in
output was small, hours worked in the nonfarm sector fell by more than 1%, at
an annual rate. Once again, the biggest productivity boost probably came in the
manufacturing sector, where output per hour jumped at a 3.2% pace in the first
quarter. Nonfarm unit labor costs likely grew by less than 1% last quarter,
after advancing by a small 1.4% in the first. Factory unit labor costs may have
fallen, after rising 1.1%.
PRODUCER PRICE INDEX
Thursday, Aug. 10, 8:30 a.m. -- The MMS survey forecasts that producer prices
of finished goods were unchanged in July, after slipping 0.1% in June.
Excluding food and energy, the PPI probably rose 0.2% in July, the same gain
posted in June.
CONSUMER PRICE INDEX
Friday, Aug. 11, 8:30 a.m. -- Consumer prices likely edged up 0.2% in July,
after a puny 0.1% gain in June. Excluding food and energy, prices probably also
rose 0.2% in July, the same as in June. A new flurry of auto incentives offset
price gains elsewhere. Yearly inflation remains at about 3%.
Friday, Aug. 11, 8:30 a.m. -- Retail sales probably rose 0.5% in July after
increasing 0.7% in June, says the MMS report. That's suggested by the weekly
survey of retailers. The heat wave across the Midwest and East caused a swell
of demand for hot-weather-related items, such as air conditioners.