Business Week Index
THE WEEK AHEAD
Monday, June 30, 8:30 a.m.EDT -- Personal income likely rose 0.4% in May, while
consumer spending was up 0.3%, according to the median forecast of economists
surveyed by MMS International, one of The McGraw-Hill Companies. In April,
income and spending each advanced just 0.1%.
NEW HOME SALES
Monday, June 30, 10 a.m.EDT -- Homes likely sold at an annual rate of 775,000
in May, after dropping 7.7% to 772,000 in April.
Tuesday, July 1 -- The Federal Reserve's Federal Open Market Committee will
meet to set monetary policy for the next six weeks. All the economists surveyed
by MMS expect the Fed to leave short-term interest rates unchanged. The policy
meeting continues on July 2.
Tuesday, July 1, 10 a.m.EDT -- The National Association of Purchasing
Management's index likely stood at 57% in June. That's hardly changed from
Tuesday, July 1, 10 a.m.EDT -- The Conference Board's index of leading
indicators probably rose 0.2% in May, after a small 0.1% slip in April.
Tuesday, July 1, 10 a.m.EDT -- The MMS consensus expects that building outlays
rose 0.5% in May, after falling 1% in April.
Wednesday, July 2, 10 a.m.EDT -- Factory inventories probably rose a modest
0.3% in May, half the 0.6% gain in April.
Friday, July 3, 8:30 a.m.EDT -- The MMS median forecast calls for a 228,000
increase in June nonfarm payrolls. That's far stronger than the 138,000 gain
posted in May. The June unemployment rate likely edged up to 4.9%, from May's