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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

Monday, July 1, 8:30 a.m.EDT -- Personal income likely grew 0.5% in May, the

same gain as in April, says the median forecast of economists surveyed by MMS

International, one of The McGraw-Hill Companies. Consumer spending likely rose

0.6% in May, after a 0.1% increase in April.

CONSTRUCTION SPENDING

Monday, July 1, 10 a.m.EDT -- Building outlays were probably flat in May, after

advancing 1.4% in April.

NAPM SURVEY

Monday, July 1, 10 a.m.EDT -- The National Association of Purchasing

Management's business index likely edged up to 51% in June, from May's 49.3%.

LEADING INDICATORS

Tuesday, July 2, 8:30 a.m.EDT -- The Conference Board's index of leading

indicators probably rose 0.2% in May.

NEW HOME SALES

Tuesday, July 2, 10 a.m.EDT -- New homes likely sold at a 740,000 annual rate

in May, after jumping 6.7% in April, to 776,000.

FOMC MEETING

Tuesday, July 2 -- Policymakers at the Federal Reserve Board will meet to set

monetary policy for the next six weeks. Economists expect no change in

short-term interest rates. The meeting ends July 3.

FACTORY INVENTORIES

Wednesday, July 3, 10 a.m.EDT -- Manufacturing inventories probably grew by

0.3% in May, after no change in April. That's suggested by the solid gain in

factory production in May.

EMPLOYMENT

Friday, July 5, 8:30 a.m.EDT -- The MMS median forecast calls for a healthy

addition of 150,000 jobs to June nonfarm payrolls, on top of the 348,000 jobs

created in May. The June unemployment rate is expected to remain at May's low

5.6%.


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