Business Week Index
THE WEEK AHEAD
EMPLOYMENT COST INDEX
Tuesday, July 29, 8:30 a.m.EDT -- Wages and benefits likely rose 0.8% in the
second quarter, says the median forecast of economists polled by MMS
International, one of The McGraw-Hill Companies. Labor costs rose a subdued
0.6% in the first quarter.
Tuesday, July 29, 10 a.m.EDT -- The Conference Board's index of consumer
confidence likely rose to 130 in July, after rising to a 28-year high of 129.6
SINGLE-FAMILY HOME SALES
Wednesday, July 30, 10 a.m.EDT -- New single-family home sales probably fell
to an annual rate of 815,000 in June, after surging 7.1% in May, to a rate of
GROSS DOMESTIC PRODUCT
Thursday, July 31, 8:30 a.m.EDT -- The MMS survey expects that real gross
domestic product grew at an annual rate of 1.8% in the second quarter, after
surging 5.9% in the first. Consumer spending led a slowdown in final demand,
but inventory accumulation remained hefty last quarter.
Friday, Aug. 1, 8:30 a.m.EDT -- Nonfarm payrolls likely grew by 200,000 in
July, after rising 217,000 in June, says the MMS report. However, the total may
be lower because summer school closings, which should have been captured in the
June data, were not. So educational payrolls likely dropped in July. The
unemployment rate probably remained at 5%.
Friday, Aug 1, 8:30 a.m.EDT -- Personal income and consumer spending each
probably increased by 0.4% in June. Both income and spending rose by 0.3% in
Friday, Aug. 1, 10 a.m.EDT -- The National Association of Purchasing
Management's business index likely edged up slightly, to 56% in July, from
55.7% in June.