Businessweek Archives

The Week Ahead


Business Week Index

THE WEEK AHEAD

GROSS DOMESTIC PRODUCT

Tuesday, Dec. 19, 8:30 a.m. -- The Commerce Dept. is expected to report that

real GDP, as measured on a chain-weighted basis, grew at an annual rate of 3.2%

in the third quarter. That's the median forecast of economists surveyed by MMS

International, one of The McGraw-Hill Companies, and it is slightly faster than

the 3% reported in October. Under the old 1987-dollar fixed-weight method, real

GDP grew at a 4.2% pace last quarter.

HOUSING STARTS

Tuesday, Dec. 19, 8:30 a.m. -- Starts likely rose to an annual rate of 1.35

million in November from October's 1.34 million.

FOMC MEETING

Tuesday, Dec. 19 -- The Federal Open Market Committee of the Federal Reserve

will set monetary policy for the next six weeks. The MMS consensus is that the

federal funds rate will remain at 5.75%, but the recent soft data mean a

quarter-point cut in short-term rates cannot be ruled out.

INTERNATIONAL TRADE

Wednesday, Dec. 20, 8:30 a.m. -- The foreign trade deficit for goods and

services likely widened to $9 billion in October, from $8.3 billion in

September. Exports, which grew 1.6% in September, were little changed in

October, while imports, up 1.4%, probably rose at a faster pace in October.

PERSONAL INCOME

Thursday, Dec. 21, 8:30 a.m. -- Personal income likely rose by 0.5% in October

and 0.3% in November, while consumer spending was probably flat in October and

up a small 0.4% in November. Because of the GDP revisions, the October and

November income and spending data will be released simultaneously. In

September, income grew 0.4%, while outlays rose 0.2%.

FEDERAL BUDGET

Thursday, Dec. 21 -- The Treasury Dept. is likely to announce a federal deficit

of about $38 billion in November, not much different from the $37.2 billion

deficit posted in November, 1994.


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus