The Week Ahead

NEW HOME SALES
      Monday, Aug. 29, 10 a.m. --  New houses probably sold at an annual rate of 
      700,000 in July, says the median forecast of economists surveyed by MMS 
      International, one of The McGraw-Hill Cos. Sales in June rose 6.1%, to a 
      728,000 pace.
      
      CONSUMER CONFIDENCE
      Tuesday, Aug. 29, 10 a.m. -- The Conference Board's confidence index likely 
      rose to 100.5 in August, up from July's 99.9.
      
      GROSS DOMESTIC PRODUCT
      Wednesday, Aug. 30, 8:30 a.m. -- According to the MMS survey, the Commerce 
      Dept.'s second look at the second-quarter gross domestic product data will 
      probably show no revision to the 0.5% annual rate of growth originally 
      reported. The economy grew at a 2.7% pace in the first quarter.
      
      PERSONAL INCOME
      Thursday, Aug. 31, 8:30 a.m. -- Personal income likely increased 0.5% in July, 
      on top of a 0.4% gain in June. That's suggested by the jump in nonfarm weekly 
      pay. Consumer spending probably edged up 0.3% in July. June outlays rose 0.2%.
      
      LEADING INDICATORS
      Friday, Sept. 1, 8:30 a.m. -- The composite index of leading indicators likely 
      rose 0.1% in July, after a 0.2% gain in June.
      
      EMPLOYMENT
      Friday, Sept. 1, 8:30 a.m. -- The MMS median forecast is that nonfarm payrolls 
      grew by 155,000 in August, after just 55,000 jobs were added in July. The 
      August unemployment rate likely rose to 5.7%, from 5.6%.
      
      CONSTRUCTION SPENDING
      Friday, Sept. 1, 8:30 a.m. -- Building outlays probably rose 0.5% in July, says 
      the MMS report. Spending in June jumped 0.9%.
      
      NAPM SURVEY
      Friday, Sept. 1, 10 a.m. -- The National Association of Purchasing Management's 
      business index probably stood at 51.5% in August, up from 50.5% in July.
      

To continue reading this article you must be a Bloomberg Professional Service Subscriber.