Business Week Index
THE WEEK AHEAD
CONSUMER PRICE INDEX
Tuesday, June 17, 8:30 a.m.EDT -- Consumer prices of all goods and services
likely rose 0.2% in May, says the median forecast of economists surveyed by MMS
International, one of The McGraw-Hill Companies. Excluding food and energy,
core prices are also expected to have risen by 0.2%. In April, the total CPI
edged up just 0.1%, but core prices were up 0.3%.
Tuesday, June 17, 8:30 a.m.EDT -- Housing starts probably stood at an annual
rate of 1.45 million in May, says the MMS survey. If so, the rate would be down
slightly from 1.47 million in April.
Tuesday, June 17, 9:15 a.m.EDT -- Output at factories, mines, and utilities
probably increased a small 0.2% in May, after no change in April. The average
operating rate for all industry likely was unchanged in May at April's 83.4%
Wednesday, June 18, 2 p.m.EDT -- The Federal Reserve will issue its roundup of
economic activity reported by its 12 district banks. Economists will be
interested in anecdotal reports of resurging demand. The Beige Book is
published in advance of each Fed policy meeting. The next meeting is scheduled
for July 1-2.
Thursday, June 19, 8:30 a.m.EDT -- The MMS survey expects that the trade
deficit for goods and services widened to $10 billion in April, after a steep
narrowing in March, to $8.5 billion. Exports, which surged 4.1% in March, are
expected to fall back a bit, while imports, up only 1.1% in March, likely rose
further in April.
Friday, June 20, 2 p.m.EDT -- The Treasury Dept. will probably announce a
monthly deficit of $49 billion for May. That would be smaller than the $53.1
billion deficit of May, 1996. Washington reported a record surplus of $93.9
billion in April.