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The Week Ahead


Business Week Index

THE WEEK AHEAD

EXISTING HOME SALES

Monday, Nov. 27, 8:45 a.m. -- Existing homes probably sold at an annual rate of

3.9 million in October, after rising 0.7% in September, to a 4.15 million pace.

HOUSING STARTS

Tuesday, Nov. 28, 8:30 a.m. -- Housing starts in October probably stood at an

annual rate of 1.4 million, unchanged from September's level. That's according

to the median forecast of economists surveyed by MMS International, a division

of The McGraw-Hill Companies. The October housing release was originally

scheduled for Nov. 17, but was delayed because of the government shutdown.

CONSUMER CONFIDENCE

Tuesday, Nov. 28, 10 a.m. -- The Conference Board's index of consumer

confidence likely slipped to 96.4 in November from 97 in October, projects the

MMS report. That would be the index's third decline in a row. And a

deterioration in consumers' optimism about the economy and job prospects does

not bode well for holiday shopping.

DURABLE GOODS ORDERS

Thursday, Nov. 30, 8:30 a.m. -- New orders taken by durable-goods manufacturers

probably fell 1.5% in October. That's suggested by the drop in output of

durable goods for the month. The expected decline follows two big gains in

orders, including a 2.9% rise in September. With consumer demand losing steam,

however, manufacturers are cutting back output.

NAPM SURVEY

Friday, Dec. 1, 10 a.m. -- The MMS survey forecasts that the National

Association of Purchasing Management's business index probably rose to 48% in

November, from 46.8% in October. Despite the increase, the NAPM index would

still be below the 50% line that divides expansion and recession for the

industrial sector.

Note: As a result of the government shutdown, many economic releases have been

rescheduled.


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