Figures of the Week
The Week Ahead
EXISTING HOME SALES
Tuesday, Jan. 25, 10 a.m. EST -- Existing homes probably sold at a 5 million annual rate in December, says the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. Resales totaled 5.09 million in
Tuesday, Jan. 25, 10 a.m. EST -- The Conference Board's index of consumer confidence likely ticked up to 142.5 in January from 141.4 in December. With computers having weathered the date changeover, households may see few economic worries ahead. Because labor markets are so tight right now, economists will be interested to see if the percentage of consumers who think jobs are plentiful rose above its record 51.5% level in December.EMPLOYMENT COST INDEX
Thursday, Jan. 27, 8:30 a.m. EST -- The S&P MMS median forecast expects that salaries and benefits rose 0.9% in the fourth quarter, on top of a 0.8% advance in the third quarter. That would place yearly growth for compensation at a mild 3.2%.DURABLE GOODS ORDERS
Thursday, Jan. 27, 8:30 a.m. EST -- New orders for durable goods probably rose 0.5% in December after jumping 1.2% in November.GROSS DOMESTIC PRODUCT
Friday, Jan. 28, 8:30 a.m. EST -- Real GDP grew at a 5% annual rate in the fourth quarter, according to the median S&P MMS forecast. That follows a blazing 5.7% advance in the third quarter. Consumers continued to buy everything in sight, and inventory building also contributed to growth at yearend. The expected fourth-quarter growth rate would mean that the economy expanded 4.1% in 1999.