The Week Ahead
PERSONAL INCOME Monday, Mar. 3, 8:30 a.m.EST -- Income likely grew just 0.1% in January, while consumer spending rose 0.5%. Those are the median forecasts of economists surveyed by MMS International, one of The McGraw-Hill Companies. In December, income surged 0.8% and spending was up 0.5%. CONSTRUCTION SPENDING Monday, Mar. 3, 10 a.m.EST -- Building spending was likely flat in January after slipping 0.7% in December. NAPM SURVEY Monday, Mar. 3, 10 a.m.EST -- The National Association of Purchasing Management's business index probably rose to 52.5% in February, from 52% in January. LEADING INDICATORS Tuesday, Mar. 4, 10 a.m.EST -- The index of leading indicators was likely up 0.1% in January, the same gain reported in December. NEW HOME SALES Tuesday, Mar. 4, 10 a.m.EST -- New homes probably sold at an annual rate of 750,000 in January, says the MMS survey. That's a drop from December's 783,000 rate. FACTORY INVENTORIES Thursday, Mar. 6, 10 a.m.EST -- Factory inventories probably rose 0.2% in January, after falling 0.3% in December. Orders likely increased 0.7% in January, partly reversing a 1.3% December drop. EMPLOYMENT Friday, Mar. 7, 8:30 a.m.EST -- The MMS survey calls for a 210,000 gain in nonfarm payrolls in February, after the 271,000 added in January. The unemployment rate likely fell to 5.3% from 5.4% in January. A higher-than-expected job gain or a jobless rate of 5% could rock the financial markets. CONSUMER CREDIT Friday, Mar. 7, 3 p.m.EST -- Installment debt likely rose by $5.5 billion in January on top of $4.9 billion borrowed in December.
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