Business Week Index
THE WEEK AHEAD
Monday, Sept. 22, 2 p.m.EDT -- The August Treasury balance is expected to show
a deficit of $38.5 billion, based on the median forecast of economists surveyed
by MMS International, a unit of The McGraw-Hill Companies. The deficit in
August, 1996, was $41.8 billion. Based on the forecast, the deficit in the
first 11 months of the fiscal year would be $75 billion, but if the September
result matches last year's surplus of $35 billion, the deficit for all of 1997
will end up at $40 billion.
INITIAL JOBLESS CLAIMS
Thursday, Sept. 25, 8:30 a.m.EDT -- First-time claims for unemployment benefits
are expected to have totaled about 325,000 for the week ending Sept. 20. After
this summer's volatile pattern, the four-week average of claims appears to have
settled down to about that pace, a level that is consistent with healthy job
growth and tightening labor markets.
DURABLE GOODS ORDERS
Thursday, Sept. 25, 8:30 a.m.EDT -- The MMS poll projects that durable-goods
orders increased 0.5% in August, after a 0.3% drop in July and 2.9% surge in
June. If so, orders in the third quarter would be well above their
second-quarter average, with particular strength in capital goods other than
EXISTING HOME SALES
Thursday, Sept. 25, 10:00 a.m.EDT -- Home resales are expected to have dipped
to 4.2 million in August, from 4.24 million in July, based on the MMS survey.
Home demand generally was strong this summer, based on the uptrend in mortgage
GROSS DOMESTIC PRODUCT
Friday, Sept. 26, 8:30 a.m.EDT -- The Commerce Dept. will release its final
report on second-quarter economic growth. The MMS poll expects real GDP growth
to remain close to the preliminary estimate of 3.6%, which was revised up from
2.2%. For the third quarter, economists expect real GDP to grow 3%.