The Economic Week Ahead…..

Monday 27

Existing Home Sales-consensus 5.70M….. Year to year this number has dropped 11.4% and housing supply at 8.8 months.  June sales were down 3.8%.

3 & 6 Month Bill Auction

Tuesday 28

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.

Consumer Confidence -Consensus 105

FOMC Minutes

4 Week Bill Auction & 20 Year Tips Auction

Wednesday 29

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

2 Year Note Auction

Thursday 30

GDP Consensus 4.0%

Corporate Profits 

Jobless Claims Unemployment claims.  Consensus 320K

Help Wanted Index

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

5 Year Auction

Money Supply

Friday 31

Federal Reserve Chairman Ben Bernanke speaks at the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole, Wyo .

Personal Income Outlays-Consensus .3% Consumer spending Consensus is .4% Another measure to gauge consumer spending power.

NAPM-Chicago-Consensus 53-Business conditions in the Chicago area, another measure of economic growth.

Farm Prices

Consumer Sentiment Consensus 82.5

Factory Orders Consensus 3.2%

Last Friday’s new home sales report did raise some hopes that maybe things might be turning around.  We’ll see what the week ahead brings!

This entry was posted on 26. August 2007 at 05:23 and is filed under Economic Market Reports, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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