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