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The Week Ahead


PRODUCTIVITY & COSTS

Tuesday, Aug. 7, 8:30 a.m. EDT -- Output per hour worked in the second quarter likely grew at an annual rate of 1.5%, says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. First-quarter productivity slipped 1.2%, on a 1% increase in output and a 2.2% jump in hours worked. It was the first decline in productivity since the first quarter of 1995. Unit labor costs probably advanced 2%, after jumping 6.3% in the first quarter.

INSTALLMENT CREDIT

Tuesday, Aug. 7, 3 p.m. EDT -- Consumers probably added $7.1 billion of debt in June, after taking on $6.5 billion in May. The June forecast would put the monthly average in 2001 at $10.6 billion, after averaging $11.7 billion per month in 2000.

BEIGE BOOK

Wednesday, Aug. 8, 2 p.m. EDT -- The Federal Reserve Bank will release its compilation of regional economic activity in advance of the policy meeting scheduled for Aug. 21.

EXPORT-IMPORT PRICES

Thursday, Aug. 9, 8:30 a.m. EDT -- Export prices in July are expected to have fallen 0.2%, while import prices probably declined 0.4%. In June, export prices moved 0.3% lower and import prices fell 0.5%.

PRODUCER PRICE INDEX

Friday, Aug. 10, 8:30 a.m. EDT -- Producer prices of finished goods in July likely dipped 0.2% due to falling energy prices, especially for gasoline. Excluding food and energy, core prices probably rose 0.1%.


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