Business Week Index
THE WEEK AHEAD
EXISTING HOME SALES
Monday, Jan. 27, 10 a.m.EST -- Sales of existing homes probably slipped to an
annual rate of 4 million in December, from a 4.04 million pace in November.
That's the median forecast of economists surveyed by MMS International, one of
The McGraw-Hill Companies.
Tuesday, Jan. 28, 8:30 a.m.EST -- Total wages and benefits for civilian
workers likely increased by 0.8% in the fourth quarter from the third, says the
MMS survey. That's up from a 0.6% rise in the third quarter and would be 3.1%
above the year-ago level. The small acceleration is suggested by the pickup in
growth of average hourly wages reported by the Labor Dept. The growth in
benefits was probably unchanged, at a 0.6% quarterly gain.
Tuesday, Jan. 28, 10 a.m.EST -- The Conference Board's index of consumer
confidence probably slipped to 112 in January, after jumping more than four
points in December, to 113.8.
DURABLE GOODS ORDERS
Wednesday, Jan. 29, 8:30 a.m.EST -- New orders for durable goods likely rose
0.8% in December, says the MMS forecast. Orders dropped 1.5% in November.
REAL GROSS DOMESTIC PRODUCT
Friday, Jan. 31, 8:30 a.m.EST -- The MMS median forecast expects that the
economy grew at an annual rate of 3.3% in the fourth quarter, after a 2.1% rise
in the third. Consumer spending bounced back, and foreign trade added to
growth. In fact, a sharp narrowing in net exports could have boosted real GDP
growth to above 4% last quarter. Prices economywide likely rose at a 2.1% pace,
from 2% in the third quarter.
NEW HOME SALES
Friday, Jan. 31, 10 a.m.EST -- New homes probably sold at an annual rate of
750,000 in December. That's down sharply from the 772,000 sold in November.