Business Week Index: The Week Ahead
CONSUMER CONFIDENCE Tuesday, Feb. 28, 10 a.m. - The Conference Board's index of consumer confidence probably fell to 101 in February from 102.1 in January. That's the median forecast of economists surveyed by MMS International, a division of McGraw-Hill Inc. GROSS DOMESTIC PRODUCT Wednesday, Mar. 1, 8:30 a.m. - The MMS survey projects that the Commerce Dept.'s first revisions to the fourth-quarter economy will show no change in the annual rate of growth for real GDP, already reported as 4.5%. However, the mix will change: A smaller trade gap likely offset slower inventory accumulation at yearend. CONSTRUCTION SPENDING Wednesday, Mar. 1, 10 a.m. - Outlays for building projects likely fell 0.2% in January, after a steep 1.1% jump in December. NAPM SURVEY Wednesday, Mar. 1, 10 a.m. - The National Association of Purchasing Management's index probably slipped slightly in February to 57% from 57.9% in January. PERSONAL INCOME Thursday, Mar. 2, 8:30 a.m. - Personal income probably increased 0.8% in January, the same solid advance posted in December. Consumer spending likely rose 0.3%, also the same gain as in December. That means the softer pace for buying evident at yearend carried into 1995. NEW HOME SALES Thursday, Mar. 2, 10 a.m. - Homes probably sold at an annual rate of 624,000 in January, down from 637,000 in December. LEADING INDICATORS Friday, Mar. 3, 8:30 a.m. - The government's composite index of leading indicators likely fell 0.1% in January. FACTORY INVENTORIES Friday, Mar. 3, 10 a.m. - Factory inventories likely rose by 0.3% in January, the same increase as in December.
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