Week ahead: First read on manufacturing sector in August
It will be a busy week for economic news.
The Commerce Department is scheduled to report on July spending and incomes. Analysts expect the numbers to show reasonably steady economic growth, with both personal income and personal-consumption spending expected to have risen 0.3 percent for the month.
Analysts expect a new report on home prices to show that the numbers edged up in June. The S&P Case-Schiller home price index is expected to have risen 0.35 percent.
The Federal Reserve plans to release minutes of its Aug. 10 policy meeting, at which the central bank revised its assessment of the economic outlook and changed policy to start buying Treasury bonds to replace maturing securities
Chairman Ben S. Bernanke gave his explanation of the rationale for the move in a speech Friday, but the new release is worth watching nonetheless.
The first read on the manufacturing sector in August comes in, as the Institute for Supply Management releases its index of activity at the nations factories. It is expected to show a deceleration, with the index falling to 53 points from 55.5.
Ariana Eunjung Cha
August 30, 2010; 7:28 AM ET
Categories: *Economic agenda
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