The Week Ahead

      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.
      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.
      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.
      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.
      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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