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The Week Ahead


DURABLE GOODS

Tuesday, Feb. 27, 8:30 a.m. EST -- New orders for durable goods probably fell 2.1% in January, after rising 2.2% in December. That is the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. The expected fall in orders is probably a response to a prolonged buildup of inventories.

CONSUMER CONFIDENCE

Tuesday, Feb. 27, 10 a.m. EST -- The Conference Board's index of consumer confidence for February is expected to be 116, up from a reading of 114.4 in January.

NEW SINGLE-FAMILY HOME SALES

Tuesday, Feb. 27, 10 a.m. EST -- New home sales likely sold at an annual rate of 918,000 in January, down from the strong December showing of 975,000.

PERSONAL INCOME

Thursday, Mar. 1, 8:30 a.m. EST -- Personal income probably rose 0.4% in January, after rising 0.4% in December, according to the S&P MMS survey. Consumer spending likely rose by 0.5%, after a 0.3% increase in December.

PURCHASING MANAGERS' INDEX

Thursday, Mar. 1, 10 a.m. EST -- The National Association of Purchasing Management's index is expected to rise to 42% for February, up from 41.2% in January.

CONSTRUCTION SPENDING

Thursday, Mar. 1, 10 a.m. EST -- Building outlays probably increased by 0.5% in January, after rising 0.6% in December.


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