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Business Week Index
THE WEEK AHEAD
NEW HOME SALES
Monday, Aug. 29, 10 a.m. -- New houses probably sold at an annual rate of
700,000 in July, says the median forecast of economists surveyed by MMS
International, one of The McGraw-Hill Cos. Sales in June rose 6.1%, to a
Tuesday, Aug. 29, 10 a.m. -- The Conference Board's confidence index likely
rose to 100.5 in August, up from July's 99.9.
GROSS DOMESTIC PRODUCT
Wednesday, Aug. 30, 8:30 a.m. -- According to the MMS survey, the Commerce
Dept.'s second look at the second-quarter gross domestic product data will
probably show no revision to the 0.5% annual rate of growth originally
reported. The economy grew at a 2.7% pace in the first quarter.
Thursday, Aug. 31, 8:30 a.m. -- Personal income likely increased 0.5% in July,
on top of a 0.4% gain in June. That's suggested by the jump in nonfarm weekly
pay. Consumer spending probably edged up 0.3% in July. June outlays rose 0.2%.
Friday, Sept. 1, 8:30 a.m. -- The composite index of leading indicators likely
rose 0.1% in July, after a 0.2% gain in June.
Friday, Sept. 1, 8:30 a.m. -- The MMS median forecast is that nonfarm payrolls
grew by 155,000 in August, after just 55,000 jobs were added in July. The
August unemployment rate likely rose to 5.7%, from 5.6%.
Friday, Sept. 1, 8:30 a.m. -- Building outlays probably rose 0.5% in July, says
the MMS report. Spending in June jumped 0.9%.
Friday, Sept. 1, 10 a.m. -- The National Association of Purchasing Management's
business index probably stood at 51.5% in August, up from 50.5% in July.