Business Week Index
THE WEEK AHEAD
NEW SINGLE-FAMILY HOME SALES
Monday, Apr. 28, 10 a.m.EDT -- New homes probably sold at an annual rate of
793,000 in March, down from 811,000 in February, says the median forecast of
economists surveyed by MMS International, one of The McGraw-Hill Companies.
DURABLE GOODS ORDERS
Tuesday, Apr. 29, 8:30 a.m.EDT -- New durable goods orders were likely flat in
March, after jumping 1.5% in February.
EMPLOYMENT COST INDEX
Tuesday, Apr. 29, 8:30 a.m.EDT -- Wages and benefits for civilian employees
likely rose 0.9% in the first quarter after a 0.8% gain in the fourth quarter,
says the MMS survey. If so, labor costs would be up 3.1% from a year ago. A
gain larger than 0.9% will upset the financial markets.
Tuesday, Apr. 29, 10 a.m.EDT -- The Conference Board's confidence index
probably dipped to 118 in April, from 118.5 in March.
GROSS DOMESTIC PRODUCT
Wednesday, Apr. 30, 8:30 a.m.EDT -- The MMS forecast expects that real GDP grew
at a 4% annual rate in the first quarter, after increasing at a 3.8% pace in
the fourth. Domestic demand alone probably soared at a 6% clip in the first
Thursday, May 1, 8:30 a.m.EDT -- Both personal income and consumer spending
likely rose 0.4% in March, after increasing 0.9% and 0.3%, respectively, in
Thursday, May 1, 10 a.m.EDT -- The National Association of Purchasing
Management's business index likely fell to 54.3% in April, from 55% in March.
Friday, May 2, 8:30 a.m.EDT -- The MMS survey expects that payrolls grew
200,000 in April, after a 175,000 gain in March. April's jobless rate likely
remained at 5.2%.