The Week Ahead
Monday, Mar. 1, 8:30 a.m. EST -- Personal income probably increased by a solid 0.4% in January, after a 0.5% gain in December, says the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. But consumer spending likely advanced just 0.2% in January, following a 0.8% jump in December.
Monday, Mar. 1, 10 a.m. EST -- The National Association of Purchasing Management's index in February was likely little changed from January's 49.5% level. Analysts will want to see if export demand is rising.
Monday, Mar. 1, 10 a.m. EST -- Building outlays probably rose by 0.5% in January, after a 1.7% surge in December.
NEW SINGLE-FAMILY HOME SALES
Tuesday, Mar 2. 10 a.m. EST -- New homes probably sold at a 970,000 annual rate in January, says the S&P MMS median forecast. In December, sales slipped 3.6%, to a 978,000 pace.
Tuesday, Mar. 2, 10 a.m. EST -- The Conference Board's index of leading indicators likely rose 0.3% in January, the same gain as in December.
Thursday, Mar. 4, 10 a.m. EST -- Manufacturing inventories likely edged up 0.2% in January, after dropping 0.9% in December.
Friday, Mar. 5, 8:30 a.m. EST -- The s&P mms median forecast expects a 218,000 gain in nonfarm payrolls for February, following a 245,000 increase in January. The unemployment rate likely remained at 4.3%.
Friday, Mar. 5, 3 p.m. EST -- Consumers likely added $5 billion in credit in January, on top of $7.3 billion borrowed in December.