The Week Ahead
NEW RESIDENTIAL CONSTRUCTION
Tuesday, Feb. 19, 8:30 a.m. EST -- Housing starts in January probably rose 0.6%, to an annual rate of 1.58 million, from 1.57 million in December. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.
CONSUMER PRICE INDEX
Wednesday, Feb. 20, 8:30 a.m. EST -- Consumer prices for goods and services are projected to have increased 0.2% in January, after falling 0.2% in December. Excluding food and energy, core prices probably increased by the same 0.2% during January, after inching up 0.1% last month.
Thursday, Feb. 21, 8:30 a.m. EST -- The trade deficit probably widened to $28.2 billion in December on an increase of imports. In November, the deficit was $27.9 billion.
Thursday, Feb. 21, 10 a.m. EST -- The Conference Board's January composite index of leading economic indicators probably rose 0.4%. It would be the fourth increase in a row.
Thursday, Feb. 21, 2 p.m. EST -- The U.S. Treasury is likely to report a January surplus of $39 billion, compared with a $76.4 billion surplus last January and a $26.6 billion surplus in December. A decline in tax revenues and an increase in government expenditures could cause a deficit in excess of $100 billion during fiscal year 2002.