Business Week Index: The Week Ahead
PERSONAL INCOME Monday, Oct. 30, 8:30 a.m. -- Personal income likely rose 0.5% in September, while consumer spending was up 0.3%. Those are the median forecasts of economists surveyed by MMS International, one of The McGraw-Hill Cos. Incomes were flat in August, while spending surged 1%. EMPLOYMENT COST INDEX Tuesday, Oct. 31, 8:30 a.m. -- Labor costs for civilian workers likely rose 0.7% in the third quarter, the same as in the second. NEW HOME SALES Tuesday, Oct. 31, 10 a.m. -- The MMS survey probably forecast that new single-family home sales stood at an annual rate of 713,000 in September. That's little changed from August's 710,000 pace. CONSUMER CONFIDENCE Tuesday, Oct. 31, 10 a.m. -- The Conference Board's index of consumer confidence probably increased to 98.7 in October, from 97.4 in September. LEADING INDICATORS Wednesday, Nov. 1, 8:30 a.m. -- The index of leading indicators was probably flat in September, after rising 0.2% in August. The report will be prepared by the Conference Board, which will take control of the index from the Commerce Dept. at yearend. NAPM SURVEY Wednesday, Nov. 1, 10 a.m. -- The National Association of Purchasing Management's business index likely stood at 49.5% in October, up from 48.3% in September. CONSTRUCTION SPENDING Wednesday, Nov. 1, 10 a.m. -- Construction spending probably jumped 0.6% in September, after falling 0.2% in August. EMPLOYMENT Friday, Nov. 3, 8:30 a.m. -- The MMS survey projects that nonfarm jobs rose by 125,000 in October, on par with the 121,000 gain in September. October's unemployment rate remained at 5.6%.
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