The Economic Week Ahead…….

Monday 30

3 Month & 6 Month Bill Auction

Tuesday 31

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Factory Orders Consensus - -1.2

Pending Homes Index-The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.

Motor Vehicle Sales Consensus 12.4 M

Employment Cost Index-Consensus .9% Measures total cost of employee compensation, used to evaluate wage trends in the market place.

Personal Income Outlays-Consensus .6% Another measure to gauge consumer spending power.

NAPM-Chicago-Consensus 58-Business conditions in the Chicago area, another measure of economic growth.

Construction Spending-Consensus .2% Good indicator of the economy’s momentum.

Consumer Confidence -Consensus 105

Farm Prices

4-week Bill Auction

Wednesday 1

Pending Homes Sales Index-Release from NAR Gauges demand and momentum of housing market

ISM Manufacturirng Index Consensus-55.0 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.

Challenger Job Cut Report Announced corporate layoffs.

MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!

ADP Employment Report-National Employment report based on private payrolls

EIA Petroleum Status Report-Measures petroleum inventories in the US

Motor Vehicle Sales Consensus 12.2M

Thursday 2

Monster Employment Index Job availability compiled by Monsters from 1500+ websites.

BOE Announcement- Bank of England Monetary Policy

ECB Announcement- Interest Rate policy issued by European Central Bank

Jobless Claims Unemployment claims. Consensus 310K

EIA Natural Gas Report

Factory Orders Consensus 1.0%

Money Supply

Friday3

ISM Non Manufacturing Survey Consensus 58.5

Employment Situation-

Nonfarm Payrolls - M/M change Consensus 125,000 Consensus Range 60,000 to 160,000		Unemployment Rate - Level Consensus 4.5% Consensus Range 4.4% to 4.6%
Average Hourly Earnings - M/M change
Consensus	0.3%
Consensus Range	0.2% to 0.4%

Busy week ahead and we certainly had an eventful week last week as we saw hefty declines in the both the stock market (441points) and bond rates……subprime concerns, oil prices still

There you have it!

Have a great week everyone!

For your Burbank Real Estate needs please visit my website at anaconnell.com!

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