Business Week Index: THE WEEK AHEAD
BusinessWeek Index: THE WEEK AHEAD
Tuesday, Mar. 14, 8:30 a.m. -- Retail sales likely increased 0.2% in February,
according to the median forecast of economists surveyed by MMS International, a
unit of McGraw-Hill Inc. Sales have been slack recently, with receipts up just
0.2% in both December and January. Purchases of durable goods have been
PRODUCER PRICE INDEX
Wednesday, Mar. 15, 8:30 a.m. -- Producer prices of finished goods likely
rose 0.2% in February for all goods and when food and energy are excluded.
Prices rose 0.3% in January, and just 0.2% when food and energy are taken out.
Wednesday, Mar. 15, 9:15 a.m. -- Output rose 0.4% in February, forecasts the
MMS survey, the same solid gain as in January. Still, industry is downshifting.
Output rose by 0.8% in November and 0.9% in December. Industry likely used
85.6% of capacity last month, from 85.5% of January.
Wednesday, Mar. 15, 10 a.m. -- Inventories held by manufacturers,
wholesalers, and retailers likely rose 0.5% in January. Factories have already
said their stock levels jumped 1%. Business sales probably rose by 0.4% in
January, much less than the 1.3% gain posted in December.
CONSUMER PRICE INDEX
Thursday, Mar. 16, 8:30 a.m. -- The MMS median forecast for the February CPI
calls for a 0.3% rise in both the total price index and the core rate, which
excludes food and energy. In January, the total index inched up 0.3%, while the
core rate rose 0.4%.
Thursday, Mar. 16, 8:30 a.m. -- Housing starts probably bounced back to an
annual rate of 1.38 million in February, after plunging 9.8% in January, to a
1.3 million pace. Single-family starts dropped 12.3% for the month. Even so,
high mortgage rates mean that housing will continue to trend lower as 1995