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The Week Ahead


Business Outlook

THE WEEK AHEAD

NAPM SURVEY

Monday, Nov. 1, 10 a.m.

The October Purchasing Managers' Index probably rose to 51%, from 49.7% in September, according to the median forecast of economists surveyed by McGraw-Hill Inc.'s MMS International.

CONSTRUCTION SPENDING

Monday, Nov. 1, 10 a.m.

The MMS survey projects a 1% rise in September outlays for building projects. Spending had fallen 1.1% in August.

LEADING INDICATORS

Tuesday, Nov. 2, 8:30 a.m.

The index of leading indicators for September is expected to rise by 0.4%, says the survey. The gain would follow a 1% advance in August.

NEW SINGLE-FAMILY-HOME SALES

Tuesday, Nov. 2, 10 a.m.

September sales of new homes are forecast to increase to an annual rate of 646,000, from 616,000 in August. Sales have dipped for two months in a row, but the lowest mortgage rates in a quarter-century are expected to keep demand on a rising trend.

FACTORY INVENTORIES

Thursday, Nov. 4, 10 a.m.

Inventories in manufacturing likely were little changed in September. Stock levels were flat in August, and they are very low in relation to factory shipments.

PRODUCTIVITY AND COSTS

Thursday, Nov. 4, 10 a.m.

Output per hour in the nonfarm economy probably rebounded last quarter, with an advance of about 1.5% at an annual rate. Productivity had fallen in both the first and second quarters. Manufacturing efficiency likely posted another good showing, on the order of 3%.

EMPLOYMENT

Friday, Nov. 5, 8:30 a.m.

October nonfarm payrolls are projected to have risen by 165,000, says the MMS survey, after September's 156,000 gain. Jobs in manufacturing are expected to be unchanged. The jobless rate should remain flat at 6.7%.JAMES C. COOPER AND KATHLEEN MADIGAN


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