Business Week Index
THE WEEK AHEAD
Wednesday, Oct. 15, 8:30 p.m. EDT -- Retail sales are expected to have risen
0.2% in September, based on the median forecast of economists surveyed by MMS
International, a unit of The McGraw-Hill Companies. August sales rose 0.4%.
Excluding autos, buying is projected to have increased 0.3% after climbing 0.3%
in August. September sales appear to have slowed from the rapid summer pace,
but supports under spending remain solid.
CONSUMER PRICE INDEX
Thursday, Oct. 16, 8:30 a.m. EDT -- Consumer prices are expected to have
increased by 0.3% in September, based on the MMS survey results, after rising
0.2% in August. Higher energy prices are expected to have pushed the index up.
Excluding energy and food, the core index also is projected to have climbed
0.3%, reflecting higher tobacco and car prices.
Thursday, Oct. 16, 8:30 a.m. EDT -- Inventories held by manufacturers,
wholesalers, and retailers are expected to have risen by 0.3% in August, says
the MMS poll, following a 0.2% increase in July. Stockpiles had grown much
faster in the second quarter, and a slower rate of buildup in the third quarter
will cut into the quarter's economic growth.
Friday, Oct. 17, 8:30 a.m. EDT -- Housing starts in September are projected to
have risen substantially, to an annual rate of 1.42 million, based on the MMS
survey. Sales had dropped 4.8% in August, to 1.36 million, but new-home sales,
mortgage applications, and builders' optimism remain high.
Friday, Oct. 17, 9:15 a.m. EDT -- The MMS poll expects industrial production to
post a 0.3% increase in September, less than August's 0.7% gain. Capacity
utilization is projected to have held steady at the August rate of 83.9%. The
slower pace is suggested by sluggishness in hours worked.