The Week Ahead
INDUSTRIAL PRODUCTION Monday, Nov. 17, 9:15 a.m. EST -- The nation's factories, mines, and utilities probably increased their output by a solid 0.5% in October, according to the median forecast of economists surveyed by MMS International, one of The McGraw-Hill Companies. That gain follows a stronger 0.7% jump in September. The average operating rate for all industry likely rose to 84.6% last month, from 84.4% in September. CONSUMER PRICE INDEX Tuesday, Nov. 18, 8:30 a.m. EST -- Consumer prices of all goods and services likely rose 0.2% in October, the same small advance posted in September. Excluding food and energy, prices probably also rose just 0.2%, which, again, is the same increase recorded in September. BUSINESS INVENTORIES Tuesday, Nov. 18, 8:30 a.m. EST -- Inventories held by manufacturers, wholesalers, and retailers likely rose by 0.4% in September, after growing 0.2% in August. Factories have already reported a 0.2% increase in stock levels for September. Business sales likely grew a strong 1% for the month, after falling 0.5% in August. HOUSING STARTS Wednesday, Nov. 19, 8:30 a.m. EST -- The MMS survey forecasts that housing starts likely fell in October, to an annual rate of 1.46 million. That follows a 7.9% jump in September, to a 1.5 million pace. Residential construction did not add much to economic growth in the third quarter. But high demand suggests that homebuilding will be a bigger growth contributor this quarter. INTERNATIONAL TRADE Thursday, Nov. 20, 8:30 a.m. EST -- The foreign trade deficit for goods and services in September was probably little changed from its August level of $10.3 billion. Exports, which rose just 0.2% in August, probably climbed further in September, while imports, up 0.6% in August, likely increased again to another record high.
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