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The Week Ahead


Business Week Index

THE WEEK AHEAD

NEW SINGLE-FAMILY HOME SALES

Monday, Apr. 28, 10 a.m.EDT -- New homes probably sold at an annual rate of

793,000 in March, down from 811,000 in February, says the median forecast of

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

DURABLE GOODS ORDERS

Tuesday, Apr. 29, 8:30 a.m.EDT -- New durable goods orders were likely flat in

March, after jumping 1.5% in February.

EMPLOYMENT COST INDEX

Tuesday, Apr. 29, 8:30 a.m.EDT -- Wages and benefits for civilian employees

likely rose 0.9% in the first quarter after a 0.8% gain in the fourth quarter,

says the MMS survey. If so, labor costs would be up 3.1% from a year ago. A

gain larger than 0.9% will upset the financial markets.

CONSUMER CONFIDENCE

Tuesday, Apr. 29, 10 a.m.EDT -- The Conference Board's confidence index

probably dipped to 118 in April, from 118.5 in March.

GROSS DOMESTIC PRODUCT

Wednesday, Apr. 30, 8:30 a.m.EDT -- The MMS forecast expects that real GDP grew

at a 4% annual rate in the first quarter, after increasing at a 3.8% pace in

the fourth. Domestic demand alone probably soared at a 6% clip in the first

quarter.

PERSONAL INCOME

Thursday, May 1, 8:30 a.m.EDT -- Both personal income and consumer spending

likely rose 0.4% in March, after increasing 0.9% and 0.3%, respectively, in

February.

NAPM SURVEY

Thursday, May 1, 10 a.m.EDT -- The National Association of Purchasing

Management's business index likely fell to 54.3% in April, from 55% in March.

EMPLOYMENT

Friday, May 2, 8:30 a.m.EDT -- The MMS survey expects that payrolls grew

200,000 in April, after a 175,000 gain in March. April's jobless rate likely

remained at 5.2%.


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