Business Week Index: The Week Ahead
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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