The Week Ahead

PERSONAL INCOME

Monday, Mar. 3, 8:30 a.m. EST -- Personal income in January is forecast to have grown by 0.4% for a second straight month. That's based on the median forecast of economists surveyed by MMS International. Personal expenditures probably grew by 0.2%, after jumping 0.9% on strong auto sales in December.

PURCHASING MANAGERS' INDEX

Monday, Mar. 3, 10 a.m. EST -- The Institute for Supply Management's February industrial-activity index very likely eased to 52.7%, from 53.9% in January. The divergence seen between actual factory output and manufacturing activity indexes is narrowing as production improves and indexes soften.

VEHICLE SALES

Monday, Mar. 3 -- Sales of U.S.-made and imported cars and light trucks in February probably declined to an annual pace of 15.5 million, after slipping to a pace of 16.1 million in January.

EMPLOYMENT

Friday, Mar. 7, 8:30 a.m. EST -- Nonfarm payrolls in February likely grew 30,000. That follows a January gain of 143,000, which was partly boosted by swings in seasonal adjustments. Factories probably cut 20,000 jobs after reducing payrolls by 16,000. February's unemployment rate very likely moved back to 5.9%, from 5.7% in January.

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