Business Week Index
THE WEEK AHEAD
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.
Monday, July 1, 10 a.m.EDT -- Building outlays were probably flat in May, after
advancing 1.4% in April.
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%.
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.
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.
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.
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