Business Week Index
THE WEEK AHEAD
Monday, Jan. 5, 10 a.m. EST -- Spending on construction projects was likely
unchanged in November, after a small 0.1% gain in October. That's the median
forecast of economists surveyed by MMS International, one of The McGraw-Hill
Companies. Housing increased slightly, offsetting some weakness in the
Tuesday, Jan. 6, 10 a.m. EST -- Manufacturing stock levels probably increased
by 0.4% in November, the same advance posted in October. The buildup is
suggested by the 1% jump in factory output in November. Inventories remain lean
when compared to sales, and businesses are trying to bulk up their stockpiles
just to keep up with the current pace of demand.
NEW HOME SALES
Wednesday, Jan. 7, 10 a.m. EST -- New homes likely sold at an annual rate of
800,000 in November. In October, sales slipped by 1.7%, to a 797,000 pace.
Thanks to strong income growth, home-buying enjoyed one of its strongest years
Wednesday, Jan. 7, 3 p.m. EST -- Consumers probably added about $5 billion in
new debt in November, led by a jump in auto lending. In October, consumers took
on an unexpectedly large $10.7 billion in new installment credit.
PRODUCER PRICE INDEX
Thursday, Jan. 8, 8:30 a.m. EST -- Producer prices of finished goods were
likely unchanged in December, after falling 0.2% in November. Excluding food
and energy, prices probably fell 0.1%, the same drop posted in November.
Friday, Jan. 9, 8:30 a.m. EST -- Nonfarm payrolls likely rose by 200,000 in
December. That follows November's surge of 404,000, which was twice the
expected number. The jobless rate likely remained at 4.6%.