Business Week Index
THE WEEK AHEAD
Tuesday, May 13, 8:30 a.m.EDT -- Retail sales were probably flat in April, says
the median forecast of economists surveyed by MMS International, one of The
McGraw-Hill Companies. Excluding vehicles, sales likely edged up 0.2%. In its
annual benchmark revision to the data, released on May 2, the Commerce Dept.
said that total retail buying rose 0.1% in March, not 0.2% as first reported,
while nonauto sales edged up an unrevised 0.5%.
PRODUCER PRICE INDEX
Wednesday, May 14, 8:30 a.m.EDT -- Producer prices of finished goods were
likely unchanged in April, after falling 0.1% in March. Excluding food and
energy, core prices likely rose 0.1% in April, on top of a larger-than-expected
0.4% gain in March.
Wednesday, May 14, 8:30 a.m.EDT -- Inventories held by manufacturers,
wholesalers, and retailers probably rose 0.3% in March, the same increase
posted in February. However, in calculating real gross domestic product growth
for the first quarter, the Commerce Dept. estimated that March inventories had
CONSUMER PRICE INDEX
Thursday, May 15, 8:30 a.m.EDT -- The MMS median forecast is that consumer
prices probably rose by 0.2% in April, after edging up 0.1% in March. Excluding
food and energy, the core CPI likely increased 0.2%, the same advance as in
Thursday, May 15, 9:15 a.m.EDT -- Industrial output likely rose 0.3% in April,
after jumping 0.9% in March. But the MMS survey says that capacity use likely
remained at 84.1% in April.
Friday, May 16, 8:30 a.m.EDT -- Housing starts likely stood at an annual rate
of 1.4 million in April, down from 1.43 million in March.