The Week Ahead

PERSONAL INCOME
      Monday, Mar. 2, 8:30 a.m. EST -- Incomes likely grew 0.6% in January, while 
      consumer spending rose 0.3%, says the median forecast of economists polled by 
      Standard & Poor's MMS International, a unit of The McGraw-Hill Companies. In 
      December, income rose 0.4%, and spending was up 0.3%.
      
      CONSTRUCTION SPENDING
      Monday, Mar. 2, 10 a.m. EST -- Building spending probably rose 0.5% in January, 
      after a small 0.1% advance in December.
      
      NAPM SURVEY
      Monday, Mar. 2, 10 a.m. EST -- The National Association of Purchasing 
      Management's index in February most likely was unchanged from January's 52.4% 
      reading.
      
      NEW SINGLE-FAMILY HOME SALES
      Tuesday, Mar. 3, 10 a.m. EST -- New homes probably sold at an annual rate of 
      802,000 in January, up from 777,000 in December.
      
      LEADING INDICATORS
      Tuesday, Mar. 3, 10 a.m. EST -- The Conference Board's index of leading 
      indicators is likely to have increased 0.1% in January, after no gain in 
      December.
      
      FACTORY INVENTORIES
      Thursday, Mar. 5, 10 a.m. EST -- Inventories probably fell 0.2% in January, 
      after slipping 0.1% in December. Factory output rose only modestly in January.
      
      EMPLOYMENT
      Friday, Mar. 6, 8:30 a.m. EST -- The MMS forecast expects that nonfarm payrolls 
      grew by 250,000 in February, on top of a surprisingly large gain of 358,000 in 
      January. The strong demand for labor is suggested by the low level of jobless 
      claims. The jobless rate most likely remained at 4.7%.
      
      INSTALLMENT CREDIT
      Friday, Mar. 6, 3 p.m. EST -- Consumers probably added a modest $5 billion in 
      new debt in January, after borrowing an extra $3.9 billion in December.
      
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