Business Week Index
THE WEEK AHEAD
Monday, Dec. 1, 10 a.m. EST -- The National Association of Purchasing
Management's index probably slipped to 55% in November, from 56% in October.
That's the median forecast of economists surveyed by MMS International, one of
The McGraw-Hill Companies.
Monday, Dec. 1, 10 a.m. EST -- Building outlays likely increased 0.5% in
October, after an unexpected drop of 1.1% in September.
Tuesday, Dec. 2, 10 a.m. EST -- The Conference Board's composite index of
leading indicators probably rose 0.2% in October, the same gain posted in
NEW HOME SALES
Wednesday, Dec. 3, 10 a.m. EST -- The MMS survey expects that new single-family
homes sold at an annual rate of 800,000 in October, unchanged from September's
high selling pace.
Wednesday, Dec. 3, 2 p.m. EST -- The Federal Reserve Board will release its
report on how regional economies are doing. The Beige Book is prepared in
advance of each Fed policy meeting. The next meeting will be on Dec. 16.
Friday, Dec. 5, 8:30 a.m. EST -- The MMS median forecast calls for a gain of
200,000 new nonfarm jobs in November, on top of the 284,000 created in October.
The survey also expects that the jobless rate ticked back up to 4.8% last
month, from October's 4.7%. But given the trends in labor-force and job growth,
another drop in the rate would not be surprising.
Friday, Dec. 5, 3 p.m. EST -- Consumers likely added only $4 billion to their
debt loads in October. In September, debt rose by just $2 billion. Consumers
seem to be cutting back on their use of credit cards.