EMPLOYMENT COST INDEX
      Tuesday, July 29, 8:30 a.m.EDT  --  Wages and benefits likely rose 0.8% in the 
      second quarter, says the median forecast of economists polled by MMS 
      International, one of The McGraw-Hill Companies. Labor costs rose a subdued 
      0.6% in the first quarter.
      
      CONSUMER CONFIDENCE
      Tuesday, July 29, 10 a.m.EDT  --  The Conference Board's index of consumer 
      confidence likely rose to 130 in July, after rising to a 28-year high of 129.6 
      in June.
      
      SINGLE-FAMILY HOME SALES
      Wednesday, July 30, 10 a.m.EDT  --  New single-family home sales probably fell 
      to an annual rate of 815,000 in June, after surging 7.1% in May, to a rate of 
      825,000.
      
      GROSS DOMESTIC PRODUCT
      Thursday, July 31, 8:30 a.m.EDT  --  The MMS survey expects that real gross 
      domestic product grew at an annual rate of 1.8% in the second quarter, after 
      surging 5.9% in the first. Consumer spending led a slowdown in final demand, 
      but inventory accumulation remained hefty last quarter.
      
      EMPLOYMENT
      Friday, Aug. 1, 8:30 a.m.EDT  --  Nonfarm payrolls likely grew by 200,000 in 
      July, after rising 217,000 in June, says the MMS report. However, the total may 
      be lower because summer school closings, which should have been captured in the 
      June data, were not. So educational payrolls likely dropped in July. The 
      unemployment rate probably remained at 5%.
      
      PERSONAL INCOME
      Friday, Aug 1, 8:30 a.m.EDT  --  Personal income and consumer spending each 
      probably increased by 0.4% in June. Both income and spending rose by 0.3% in 
      May.
      
      NAPM SURVEY
      Friday, Aug. 1, 10 a.m.EDT  --  The National Association of Purchasing 
      Management's business index likely edged up slightly, to 56% in July, from 
      55.7% in June.
      
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