The Week Ahead
Tuesday, Mar. 14, 8:30 a.m. EST -- Retail sales in February are expected to show a 0.8% increase and a 0.6% gain excluding autos, based on the median forecast of economists surveyed by Standard & Poor's MMS, one of The McGraw-Hill Companies. Overall, January sales rose 0.3%, while nonauto buying dipped 0.3%.
Wednesday, Mar. 15, 8:30 a.m. EST -- Stockpiles held by manufacturers, wholesalers, and retailers are projected to show a 0.3% increase in January, based on the S&P MMS survey. Inventories rose 0.5% in December.
Wednesday, Mar. 15, 9:15 a.m. EST -- Output in the nation's factories, utilities, and mines is expected to show a 0.4% increase in February, says the S&P MMS survey, while industrial capacity utilization is projected at 81.7%. Output increased 1% in January, at an operating rate of 80.6% of capacity.
PRODUCER PRICE INDEX
Thursday, Mar. 16, 8:30 a.m. EST -- Producer prices for finished goods are likely to post a 0.5% energy-related jump in February, while the core index, which excludes energy and foods, is expected to rise 0.2%.
Thursday, Mar. 16, 8:30 a.m. EST -- Housing starts in February are expected to show a decline to an annual rate of 1.70 million, from 1.78 million in January.
CONSUMER PRICE INDEX
Friday, Mar. 17, 8:30 a.m. EST -- Consumer prices likely rose by 0.4% in February, lifted by energy costs. Excluding energy and food, the core index is expected to show a 0.2% increase.