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Business Week Index: THE WEEK AHEAD
BusinessWeek Index: THE WEEK AHEAD
Wednesday, Feb. 22 The U.S. Treasury is expected to post a surplus of $13.5
billion in January, according to the median forecast of economists surveyed by
MMS International, a division of McGraw-Hill Inc. Washington recorded a $15.2
billion surplus in January, 1994. Strong economic growth is lifting tax
receipts. The Clinton Administration forecasts that the deficit for fiscal
1995, which began in October, will total $192.5 billion.
CAPITAL SPENDING PLANS
Thursday, Feb. 23, 8:30 a.m. The Commerce Dept.'s survey of plant and
equipment spending for 1995 will probably show that all industries are set to
lift capital budgets by about 7%. That would be only slightly below the 8.8%
increase planned for 1994. Beginning this year, Commerce sill conduct its
spending survey only twice a year, replacing its quarterly report. The
revamping was done to be consistent with the department's Annual Capital
Expenditures Survey. The latest spending plans will be significant because
business investment is expected to be a growth leader this year.
DURABLE GOODS ORDERS
Friday, Feb. 24, 8:30 a.m. New orders taken by durable-goods manufacturers
probably fell by 0.5% in January, says the MMS survey. Orders rose 3.4% in
November and 1.5% in December. A big increase in demand for military hardware
boosted the December figure, however, and those orders likely were not repeated
in January. The projected decline in new bookings indicates that the backlog of
unfilled orders fell last month after increasing slightly for four consecutive
EXISTING HOME SALES
Friday, Feb. 24, 8:45 a.m. Sales of existing homes probably fell to an
annual rate of 3.75 million in January. Sales have zigzagged since last summer,
thanks to higher mortgage rates. In December, they rose 1.8%, to a 3.89 million
pace, after slipping 2.3% in November.