The Week Ahead
EXISTING HOME SALES
Monday, July 26, 10 a.m. EDT -- Existing houses probably sold at an annual rate of 5.05 million in June, little changed from the 5.04 million sold in May, says the median forecast of economists polled by Standard & Poor's MMS, one of The McGraw-Hill Companies.
Tuesday, July 27, 10 a.m. EDT -- The Conference Board's confidence index likely fell to 138 in July, down from 138.4 in June.
DURABLE GOODS ORDERS
Wednesday, July 28, 8:30 a.m. EDT -- New orders booked by durable goods manufacturers probably increased by 0.6% in June, following a large 1.4% advance in May.
REAL GROSS DOMESTIC PRODUCT
Thursday, July 29, 8:30 a.m. EDT -- The S&P MMS median forecast projects that real GDP grew at an annual rate of 3.6% in the second quarter, after jumping 4.3% in the first quarter.
EMPLOYMENT COST INDEX
Thursday, July 29, 8:30 a.m. EDT -- Labor costs likely increased 0.8% in the second quarter. In the first quarter, compensation rose 0.4%.
Friday, July 30, 8:30 a.m. EDT -- Personal income in June probably rose 0.5%, on top of a 0.4% gain in May. Consumer spending likely increased 0.4% in June, after risiNg 0.6% in May.
NEW HOME SALES
Friday, July 30, 10 a.m. EDT -- New single-family homes probably sold at a 900,000 annual rate in June, up from 888,000 in May says the S&P MMS forecast.