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The Week Ahead


EXISTING HOME SALES

Monday, Aug. 26, 10 a.m. EDT -- Sales of existing homes during July probably rose to an annual rate of 5.2 million, after falling to a pace of 5.1 million units in June. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.

NEW RESIDENTIAL SALES

Monday, Aug. 26, 10 a.m. EDT -- New single-family home sales in July most likely eased to an annual rate of 975,000. In June, sales reached a record level pace of just over 1 million homes.

DURABLE GOODS ORDERS

Tuesday, Aug. 27 8:30 a.m. EDT -- New orders for durable goods are forecast to have risen 1.5% in July, following a 4.1% drop in June.

CONSUMER CONFIDENCE

Tuesday, Aug. 27, 10 a.m. EDT -- The Conference Board's August confidence index was probably virtually unchanged at 97, after tumbling to 97.1 in July.

GROSS DOMESTIC PRODUCT (REVISION)

Thursday, Aug. 29, 8:30 a.m. EDT -- The Commerce Dept.'s second look at second-quarter growth is expected to show real GDP grew at an annual rate of 1.2%, compared to the preliminary level of 1.1%. Aftertax corporate profits probably rose 3.5%.

PERSONAL INCOME

Friday, Aug. 30, 8:30 a.m. EDT -- Personal income in July most likely rose 0.3%. Consumer expenditures probably increased by 0.7%.


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