Businessweek Archives

The Week Ahead


Business Week Index

THE WEEK AHEAD

EXISTING HOME SALES

Monday, Aug. 26, 10 a.m.EDT -- Sales of existing homes probably fell to an

annual rate of 4.1 million in July, from 4.18 million in June, says the median

forecast of economists surveyed by MMS International, one of The McGraw-Hill

Companies. Housing probably has hit its peak this year, leveled off by rising

mortgage rates.

CONSUMER CONFIDENCE

Tuesday, Aug. 27, 10 a.m.EDT -- The Conference Board's index of consumer

confidence likely slipped to 104.7 in August, after jumping 7%, to 107.2, in

July. Even so, a reading above 100 suggests high optimism about the economy's

performance.

REAL GROSS DOMESTIC PRODUCT

Thursday, Aug. 29, 8:30 a.m.EDT -- The MMS survey expects that growth in

second-quarter real GDP remained at the originally reported annual rate of

4.2%, although June's sharply narrower trade deficit could result in an upward

revision. Corporate aftertax profits likely rose 3.8% in the second quarter,

says the MMS median forecast, after increasing 6% in the first quarter. Real

GDP grew 2% in the first

NEW HOME SALES

Thursday, Aug. 29, 10 a.m.EDT -- New single-family homes probably sold at an

annual rate of 725,000 in July. That's suggested by the slowdown in

single-family housing starts. Home buying fell 5.3% in June, to a 734,000 pace.

PERSONAL INCOME

Friday, Aug. 30, 8:30 a.m.EDT -- Personal income in July was probably flat,

says the MMS report. That's suggested by a 1.3% drop in weekly nonfarm

earnings. Consumer spending in July was probably up 0.2%. In June, incomes

jumped 0.9%, while spending fell 0.2%, dragged down by weak sales of motor

vehicles.

FACTORY INVENTORIES

Friday, Aug. 30, 10 a.m.EDT -- Inventories likely rose 0.2% in July, after no

change in June and a 0.3% decline in May.


Monsanto vs. GMO Haters
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus