USA

This Week: Consumer confidence, Ford earns, home sales

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

EYE ON CONSUMERS

The Conference Board issues its latest monthly index of U.S. consumer confidence Tuesday.

Economists forecast that the October reading slipped to 101.5 from 101.8 in September. The index has been mostly trending higher in recent months, reflecting a more favorable view on current business and labor market conditions. But it remains far below pre-pandemic levels. A reading of 90 or better reflects a healthy economy.

Consumer confidence, by month:

May 85.9

June 98.3

July 91.7

Aug. 86.3

Sept. 101.8

Oct. (est.) 101.5

Source: FactSet

ROUGH ROAD

Ford and other automakers have struggled as the coronavirus forced factories to close and chased customers away from showrooms.

The company slid into the red in the first and second quarters this year as the pandemic crushed its sales. Wall Street expects Ford will report Wednesday that its third-quarter earnings declined from a year earlier as revenue continued to decline. Investors will be listening for commentary from new CEO Jim Farley.

HOUSING MARKET BELLWETHER

A gauge of contracts signed to buy homes is expected to point to a slowing U.S. housing market.

The National Association of Realtors serves up its September pending home sales index Thursday. Economists predict the index rose 0.4% last month. Contract signings are a barometer of finalized purchases over the next two months, which suggests more home sales in October and November. Sales of previously occupied U.S. homes jumped 9.4% in September.

Pending home sales index, monthly percent change:

April -21.8

May 44.4

June 15.8

July 5.9

Aug. 8.8

Sept. (est.) 0.4

Source: FactSet

Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Football news:

Gasperini on 2:0 with Liverpool: This is unbelievable. Atalanta played their football
Simeone on Maradona's death: Impossible to believe. He infected us with football. This is a great loss for me
Bayern and city are already in the Champions League play-offs. Who is already with them, and who is in step?
Conte Pro 0:2 from Real Madrid: We saw the difference between them and us. Inter made too many gifts
Liverpool have never scored a goal against Atalanta in their home Champions League match
Liverpool lost at home for the first time in 2 years! Gave Atalanta a couple of goals and never hit a goal
Zidane about 2:0 with Inter: real deserved to win by playing well. I am very happy with the players