The Week Ahead
PERSONAL INCOME Monday, Sept. 29, 8:30 a.m.EDT -- Personal income is expected to have risen 0.5% in August, based on the median forecast of economists surveyed by MMS International, a unit of The McGraw-Hill Companies, after edging up 0.1% in July. Consumer spending on goods and services is projected to have continued its third-quarter rebound, climbing 0.4% in August, after rising 0.8% in July. NEW HOME SALES Tuesday, Sept. 30, 10 a.m.EDT -- The MMS survey projects sales of new single-family homes in August to have declined to an annual rate of 800,000, from 817,000 in July. CONSUMER CONFIDENCE Tuesday, Sept. 30, 10 a.m.EDT -- The MMS poll expects the Conference Board's index of consumer confidence in September to hold about steady with August's high reading of 129.1. The August reading was only a shade below the 29-year high of 129.9, hit in June. Improving employment conditions are keeping the index high. LEADING INDICATORS Wednesday, Oct. 1, 10 a.m.EDT -- The Conference Board's composite index of 10 leading indicators for August is projected to have increased for the fourth consecutive month, rising 0.1%, based on the MMS survey. The index rose 0.3% in July. PURCHASING MANAGERS' INDEX Wednesday, Oct. 1, 10 a.m.EDT -- The National Association of Purchasing Management's index for September is expected to have dipped to 56.4%, according to the MMS poll, from 56.8% in August. EMPLOYMENT REPORT Friday, Oct. 3, 8:30 a.m.EDT -- The September job data are expected to show a 300,000 increase in payrolls, says the MMS poll, up from August's 49,000 rise. August payrolls were depressed by the strike at United Parcel Service Inc., and the September total will be inflated by the workers' return. The jobless rate is expected to have held steady at the August rate of 4.9%.
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