The Week Ahead
NEW RESIDENTIAL CONSTRUCTION
Wednesday, Feb. 19, 8:30 a.m. EST -- Housing starts in January are forecast to have slipped to an annual rate of 1.78 million. That's based on the median forecast of economists surveyed by MMS International.
PRODUCER PRICE INDEX
Thursday, Feb. 20, 8:30 a.m. EST -- January producer prices probably climbed 0.3%. Minus food and energy, prices very likely rose 0.1%.
Thursday, Feb. 20, 8:30 a.m. EST -- The December foreign trade deficit very likely fell to $39 billion.
Thursday, Feb. 20, 10 a.m. EST -- The Conference Board's January index of leading indicators probably rose 0.1% for a second straight month.
CONSUMER PRICE INDEX
Friday, Feb. 21, 8:30 a.m. EST -- January consumer prices for goods and services most likely grew 0.3%. Excluding food and energy, core inflation probably rose by 0.1%.
Friday, Feb. 21, 2 p.m. EST -- The federal government is expected to report a surplus of $29.5 billion for January, short of the $43.7 billion surplus posted in January, 2002. In December, the surplus stood at a small $4.4 billion.