The Week Ahead
PRODUCTIVITY & COSTS
Tuesday, Aug. 7, 8:30 a.m. EDT -- Output per hour worked in the second quarter likely grew at an annual rate of 1.5%, says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. First-quarter productivity slipped 1.2%, on a 1% increase in output and a 2.2% jump in hours worked. It was the first decline in productivity since the first quarter of 1995. Unit labor costs probably advanced 2%, after jumping 6.3% in the first quarter.
Tuesday, Aug. 7, 3 p.m. EDT -- Consumers probably added $7.1 billion of debt in June, after taking on $6.5 billion in May. The June forecast would put the monthly average in 2001 at $10.6 billion, after averaging $11.7 billion per month in 2000.
Wednesday, Aug. 8, 2 p.m. EDT -- The Federal Reserve Bank will release its compilation of regional economic activity in advance of the policy meeting scheduled for Aug. 21.
Thursday, Aug. 9, 8:30 a.m. EDT -- Export prices in July are expected to have fallen 0.2%, while import prices probably declined 0.4%. In June, export prices moved 0.3% lower and import prices fell 0.5%.
PRODUCER PRICE INDEX
Friday, Aug. 10, 8:30 a.m. EDT -- Producer prices of finished goods in July likely dipped 0.2% due to falling energy prices, especially for gasoline. Excluding food and energy, core prices probably rose 0.1%.