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Business Week Index
THE WEEK AHEAD
Monday, Nov. 25, 10 a.m.EST -- Sales of existing homes likely dropped to an
annual rate of 3.9 million in October. That would mean that existing-home sales
have fallen for five months in a row. Resales declined 2.9% in September, to a
4.02 million pace.
Tuesday, Nov. 26, 10 a.m.EST -- The Conference Board's index of consumer
confidence probably increased to 107.4 in November, according to the median
forecast of economists surveyed by MMS International, one of The McGraw-Hill
Companies. The confidence index fell in October, to 106.2 from 111.8 in
September. But the level is still quite high, thanks in part to solid job
GROSS DOMESTIC PRODUCT
Wednesday, Nov. 27, 8:30 a.m.EST -- The MMS economists expect that even after
revising data for the GDP components, the Commerce Dept. will report no change
in its initial calculation that the overall economy grew at an annual rate of
2.2% in the third quarter. However, final demand likely contributed more to
growth last quarter than was first thought, and inventory accumulation will be
revised down. The MMS median forecast also expects that aftertax corporate
profits edged up 0.7% in the third quarter. If so, earnings would be about 7%
above their year-ago level. That increase is down from the 8.7% yearly gain in
the second quarter.
DURABLE GOODS ORDERS
Wednesday, Nov. 27, 10 a.m.EST -- New orders for durable goods likely fell 1%
in October. September bookings jumped 4.9%, but much of that came from aircraft
Friday, Nov. 29, 8:30 a.m.EST -- Personal income probably increased a mere
0.1% in October after a strong 0.6% advance in September, says the median MMS
forecast. Consumer spending likely rose 0.3% last month, on top of a 0.1% gain