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Business Week Index
THE WEEK AHEAD
EXISTING HOME SALES
Monday, Mar. 25, 8:45 a.m.EST -- Existing homes probably sold at an annual rate
of 3.7 million in February, roughly the same pace as in January. Prior to
February, resales had fallen for four consecutive months.
Tuesday, Mar. 26, 10 a.m.EST -- The Conference Board's index of consumer
confidence likely edged up to 98.8 in March, says the median forecast of
economists surveyed by MMS International, one of The McGraw-Hill Companies.
Confidence rebounded in February, to 97, after slipping to 88.4 in January.
Both the assessment of current economic conditions and the expectations
component bounced back in February.
DURABLE GOODS ORDERS
Wednesday, Mar. 27, 8:30 a.m.EST -- New orders were likely little changed in
February, after a 3.1% advance in December and a 0.2% rise in January. Because
the weather prevented companies from shipping goods in January, the backlog of
unfilled orders shot up by 1.7% in January. That likely fell back in February.
Friday, Mar. 29, 8:30 a.m.EST -- The MMS median forecast expects that the trade
deficit of goods and services widened to about $7.3 billion in January, from
just $6.8 billion in December. Exports, which rose 1.1% in December, were
probably little changed, but imports, also up 1.1%, continued to rise in
January, in part because of increased oil imports.
NEW HOME SALES
Friday, Mar. 29, 10 a.m.EST -- New single-family homes probably sold at an
annual rate of 678,000 in February, down sharply from the 693,000 pace of
January. The 4.2% gain in January sales was largely unexpected, given that
month's harsh weather. With fixed mortgage rates near 8% once again, sales
should slow during the important spring season.