The Week Ahead
PERSONAL INCOME Monday, Mar. 4, 8:30 a.m.EST -- Personal income was likely up 0.1% in December and flat in January, according to the median forecast of MMS International, one of The McGraw-Hill Companies. Spending probably rose 0.6% in December and fell 0.2% in January. In November, income rose 0.2% and spending gained 0.9%. FACTORY INVENTORIES Tuesday, Mar. 5, 8:30 a.m.EST -- Manufacturing inventories likely increased by 0.3% in January, on top of a 0.1% gain in December. Factory orders probably fell back in January, after rising an unexpectedly large 1.3% in December. PRODUCTIVITY AND COSTS Wednesday, Mar. 6, 10 a.m.EST -- Nonfarm output per hour worked likely fell at a 0.5% annual rate last quarter, after rising 1.4% in the third. Unit labor costs probably rose at a 2% pace, on top of a 2.4% increase. NEW HOME SALES Wednesday, Mar. 6, 10 a.m.EST -- New homes likely sold at an annual rate of 650,000 in December and 600,000 in January. November sales totaled 649,000. BEIGE BOOK Wednesday, Mar. 6 -- The Federal Reserve will release its roundup of business activity, as reported by its 12 district banks. INSTALLMENT CREDIT Thursday, Mar. 7, 3 p.m.EST -- Consumers probably added about $6 billion in January. In December, credit rose $7.9 billion. EMPLOYMENT Friday, Mar. 8, 8:30 a.m.EST -- Nonfarm payrolls probably rebounded by about 300,000 workers in February, after the blizzard helped to pare 201,000 jobs in January. The unemployment rate probably slipped back to 5.6%, from 5.8% in January. CONSTRUCTION SPENDING Friday, Mar. 8, 10 a.m.EST -- Construction spending likely fell 0.5% in January, after rising 0.9% in December.
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