The Week Ahead
NEW RESIDENTIAL CONSTRUCTION
Tuesday, June 17, 8:30 a.m. EDT -- May housing starts are forecast to have increased to an annual rate of 1.68 million. That's based on the median forecast of economists surveyed by MMS International.
CONSUMER PRICE INDEX
Tuesday, June 17, 8:30 a.m. EDT -- May consumer prices for goods and services were probably flat, following April's 0.3% fall. Excluding food and fuel, core inflation most likely inched up 0.1%, after holding steady in April.
Tuesday, June 17, 9:15 a.m. EDT -- Factory output in May most likely fell 0.2%, while the average operating rate probably held at 74.4%.
Thursday, June 19, 8:30 a.m. EDT -- The U.S. current-account deficit very likely reached $141.6 billion in the first quarter.
Thursday, June 19, 10 a.m. EDT -- The Conference Board's index of leading indicators for May is expected to have increased by 0.3%.
Thursday, June 19, 2 p.m. EDT -- The federal government will most likely report a $75 billion deficit in May.
The BusinessWeek production index was steady in the week ended May 31 at 194.2, up 3.3% from a year ago. Before calculation of the four-week moving average, the index rose to 194.4.