PERSONAL INCOME
      Monday, July 31, 8:30 a.m. -- Personal income probably rose 0.6% in June, says 
      the median forecast of economists surveyed by MMS International, one of The 
      McGraw-Hill Cos. Income fell 0.2% in May, but job gains in June erased the 
      drop. June consumer spending likely increased 0.5%, after a 0.7% jump in May. 
      Upward revisions to retail sales suggest that consumer purchases grew modestly 
      last quarter.
      
      CONSTRUCTION SPENDING
      Tuesday, Aug. 1, 10 a.m. -- Building outlays likely rose 0.4% in June, after 
      falling 1.5% in May. That's indicated by an increase in single-family housing 
      starts.
      
      NAPM SURVEY
      Tuesday, Aug. 1, 10 a.m. -- The business activity index compiled by the 
      National Association of Purchasing Management probably stood at 47% in July, 
      after slipping to 45.7% in June.
      
      LEADING INDICATORS
      Wednesday, Aug. 2, 8:30 a.m. -- The government's composite index of leading 
      indicators likely rose 0.3% in June. If so, that would be the index' first rise 
      this year.
      
      NEW HOME SALES
      Wednesday, Aug. 2, 10 a.m. -- The MMS survey forecasts that sales of new 
      single-family homes fell to an annual rate of 673,000 in June, following a 
      19.9% surge in May that pushed sales up to a 722,000 pace.
      
      FACTORY INVENTORIES
      Thursday, Aug. 3, 10 a.m. -- Factory inventories likely rose 0.3% in June, half 
      of the 0.6% increase in May. That's suggested by flat factory output in June.
      
      EMPLOYMENT
      Friday, Aug. 4, 8:30 a.m. -- The MMS survey forecasts that nonfarm payrolls 
      probably grew by 140,000 in July, after a 215,000 gain in June. Factory jobs, 
      however, are expected to decline for the fourth month in a row. Unemployment 
      likely rose to 5.7% in July, from 5.6% in June.
      
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