The Week Ahead
Monday, July 15, 8:30 a.m. EDT -- Inventories are forecast to have declined 0.2% in May. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. In April, inventories fell 0.2%.
Tuesday, July 16, 9:15 a.m. EDT -- Factory output in June most likely increased 0.5%, after rising 0.2% in May. The average operating rate probably increased to 75.8%.
NEW RESIDENTIAL CONSTRUCTION
Wednesday, July 17, 8:30 a.m. EDT -- Housing starts most likely fell back to an annual rate of 1.68 million units in June.
Thursday, July 18, 10 a.m. EDT -- The Conference Board's June composite index of leading economic indicators probably rose by 0.1%.
CONSUMER PRICE INDEX
Friday, July 19, 8:30 a.m. EDT -- Consumer prices for goods and services are expected to have risen 0.2% in June. Excluding the food and energy components, core prices in June probably rose by 0.2%.
Friday, July 19, 8:30 a.m. EDT -- The trade deficit most likely narrowed slightly to $35.3 billion in May, from $35.9 billion in April.
Friday, July 19, 2 p.m. EDT -- The U.S. Treasury probably ran a $24 billion surplus in June, compared with a $31.9 billion surplus in June, 2001.