The Week Ahead
CONSUMER CONFIDENCE Tuesday, Nov. 29, 10 a.m. - The Conference Board's index of consumer confidence in November probably was little changed from October's 87.6. That's the median forecast of economists surveyed by MMS International, a unit of McGraw-Hill Inc. GROSS DOMESTIC PRODUCT Wednesday, Nov. 30, 8:30 a.m. - According to the MMS survey, the Commerce Dept.'s firstrevision to the GDP data will show that the economy grew at an annualrate of 3.5% in the third quarter, not much different than the 3.4% initiallyreported. Inventory growth was less than first thought, but final demand was higher. Aftertax corporate profits probably increased 6% in the third quarter from a year ago. PERSONAL INCOME Thursday, Dec. 1, 8:30 a.m. - Personal income likely grew by a large 0.9% in October, after a 0.6% gain in September. That's suggested by the jump in weekly pay and jobs last month. Consumer spending probably looked stronger in October, with a 0.6% advance, after a 0.2%rise during September. CONSTRUCTION SPENDING Thursday, Dec. 1, 10 a.m. - Construction outlays likelyrose 0.3% in October, on top of a 1.6% jump in September. NAPM SURVEY Thursday, Dec. 1, 10 a.m. - The National Association of Purchasing Management's business index probably fell to 59% in November from 59.7% in October. LEADING INDICATORS Friday, Dec. 2, 8:30 a.m. - The October index of leading indicators probably edged up just 0.1% after no change in September. EMPLOYMENT Friday, Dec. 2, 8:30 a.m. - The MMS economists forecast that nonfarm payrollsrose by 225,000 in November afterrising 194,000 in October. The November joblessrate likelyremained at a tight 5.8%.
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