Business Week Index
THE WEEK AHEAD
Monday, Mar. 2, 8:30 a.m. EST -- Incomes likely grew 0.6% in January, while
consumer spending rose 0.3%, says the median forecast of economists polled by
Standard & Poor's MMS International, a unit of The McGraw-Hill Companies. In
December, income rose 0.4%, and spending was up 0.3%.
Monday, Mar. 2, 10 a.m. EST -- Building spending probably rose 0.5% in January,
after a small 0.1% advance in December.
Monday, Mar. 2, 10 a.m. EST -- The National Association of Purchasing
Management's index in February most likely was unchanged from January's 52.4%
NEW SINGLE-FAMILY HOME SALES
Tuesday, Mar. 3, 10 a.m. EST -- New homes probably sold at an annual rate of
802,000 in January, up from 777,000 in December.
Tuesday, Mar. 3, 10 a.m. EST -- The Conference Board's index of leading
indicators is likely to have increased 0.1% in January, after no gain in
Thursday, Mar. 5, 10 a.m. EST -- Inventories probably fell 0.2% in January,
after slipping 0.1% in December. Factory output rose only modestly in January.
Friday, Mar. 6, 8:30 a.m. EST -- The MMS forecast expects that nonfarm payrolls
grew by 250,000 in February, on top of a surprisingly large gain of 358,000 in
January. The strong demand for labor is suggested by the low level of jobless
claims. The jobless rate most likely remained at 4.7%.
Friday, Mar. 6, 3 p.m. EST -- Consumers probably added a modest $5 billion in
new debt in January, after borrowing an extra $3.9 billion in December.