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Businessweek Archives

The Week Ahead


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%.

HOUSING STARTS

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.

INDUSTRIAL PRODUCTION

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%

reading.

BEIGE BOOK

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.

INTERNATIONAL TRADE

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.

FEDERAL BUDGET

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.


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