EXISTING HOME SALES Monday, Jan. 27, 10 a.m.EST -- Sales of existing homes probably slipped to an annual rate of 4 million in December, from a 4.04 million pace in November. That's the median forecast of economists surveyed by MMS International, one of The McGraw-Hill Companies. EMPLOYMENT COSTS Tuesday, Jan. 28, 8:30 a.m.EST -- Total wages and benefits for civilian workers likely increased by 0.8% in the fourth quarter from the third, says the MMS survey. That's up from a 0.6% rise in the third quarter and would be 3.1% above the year-ago level. The small acceleration is suggested by the pickup in growth of average hourly wages reported by the Labor Dept. The growth in benefits was probably unchanged, at a 0.6% quarterly gain. CONSUMER CONFIDENCE Tuesday, Jan. 28, 10 a.m.EST -- The Conference Board's index of consumer confidence probably slipped to 112 in January, after jumping more than four points in December, to 113.8. DURABLE GOODS ORDERS Wednesday, Jan. 29, 8:30 a.m.EST -- New orders for durable goods likely rose 0.8% in December, says the MMS forecast. Orders dropped 1.5% in November. REAL GROSS DOMESTIC PRODUCT Friday, Jan. 31, 8:30 a.m.EST -- The MMS median forecast expects that the economy grew at an annual rate of 3.3% in the fourth quarter, after a 2.1% rise in the third. Consumer spending bounced back, and foreign trade added to growth. In fact, a sharp narrowing in net exports could have boosted real GDP growth to above 4% last quarter. Prices economywide likely rose at a 2.1% pace, from 2% in the third quarter. NEW HOME SALES Friday, Jan. 31, 10 a.m.EST -- New homes probably sold at an annual rate of 750,000 in December. That's down sharply from the 772,000 sold in November.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE