Business Week Index
THE WEEK AHEAD
Monday, Feb. 24, 2 p.m.EST -- The U.S. Treasury is likely to report a surplus
of $16.8 billion for January, a bit lower than the $19.5 billion surplus of a
year earlier. That's the median forecast of economists surveyed by MMS
International, one of The McGraw-Hill Companies.
Tuesday, Feb. 25, 10 a.m.EST -- The Conference Board's index of consumer
confidence probably fell to 115.8 in February, from a reading of 116.8 in
January. However, the high level of the February index would still show that
consumers are quite pleased with the economy's performance.
Wednesday, Feb. 26, 10 a.m.EST -- Federal Reserve Chairman Alan Greenspan is
scheduled to give his semiannual testimony on monetary policy to the Senate
Banking Committee. Greenspan will report the Fed's central-tendency forecasts
for economic growth, inflation, unemployment, and money-supply growth for 1997.
Greenspan will testify to the House Banking Committee on Feb. 27.
DURABLE GOODS ORDERS
Thursday, Feb. 27, 8:30 a.m.EST -- New orders for durable goods likely
increased 1% in January. That follows two steep declines, including a 1.9% drop
EXISTING HOME SALES
Thursday, Feb. 27, 10 a.m.EST -- The MMS median forecast projects existing
homes probably sold at an annual rate of 3.9 million in January, about even
with the 3.87 million sold in December.
GROSS DOMESTIC PRODUCT
Friday, Feb. 28, 8:30 a.m.EST -- Real GDP probably grew at a revised annual
rate of 4.4% in the fourth quarter, says the MMS forecast. That's slightly down
from the 4.7% gain initially reported by the Commerce Dept., but still faster
than the 2.1% increase in the third quarter. The revision will likely show that
inventories grew slower than first thought.