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This Week: New home sales, Apple earns, consumer spending
2021-10-25 00:00:00.0     ABC新闻-商业新闻     原网页

       

       A look at some of the key business events and economic indicators upcoming this week:

       HOUSING MARKET BAROMETER

       The Commerce Department serves up its September tally of new U.S. home sales Tuesday.

       Economists project that sales picked up last month to a seasonally adjusted annual rate of 760,000 homes. Builders have benefited this year from strong demand amid a shortage of previously occupied homes for sale. At the same time, rising costs and shortages of building materials and labor have rippled through the construction industry.

       New home sales, seasonally adjusted annual rate, by month:

       April 796,000

       May 733,000

       June 685,000

       July 729,000

       Aug. 740,000

       Sept. (est.) 760,000

       Source: FactSet

       ON A ROLL

       Wall Street expects another strong quarterly report card from Apple.

       Analysts predict the iPhone maker will report Thursday that its fiscal fourth-quarter earnings and revenue increased sharply from a year earlier. That would echo the company’s results in the previous three quarters. Last month, Apple unveiled its next iPhone lineup, including a model that offers twice the storage available in earlier versions and other modest upgrades to last year’s editions.

       EYE ON CONSUMERS

       The Commerce Department delivers its September snapshot of consumer spending Friday.

       Growth in U.S. consumer spending has been uneven since surging 5.2% in March. Spending rose in April and June, but was little changed in May and July. It rose a healthy 0.8% in August despite a surge in COVID-19 cases. Since then, Americans have faced higher prices for food, gasoline and other goods amid a sharp increase in inflation.

       Consumer spending, monthly percent change, seasonally adjusted:

       March 5.2

       April 1.0

       May 0.0

       June 1.1

       July -0.1

       Aug. 0.8

       Source: FactSet

       


标签:综合
关键词: iPhone     Apple     Last month     spending     Commerce Department     home sales Tuesday     adjusted     760,000 homes     consumer    
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