Business Week Index
THE WEEK AHEAD
Monday, Feb. 3, 8:30 a.m.EST -- Personal income likely jumped 0.7% in
December, while spending was up 0.5%. Those are the median forecasts of
economists surveyed by MMS International, one of The McGraw-Hill Companies.
Both income and spending rose 0.5% in November.
Monday, Feb. 3, 10 a.m.EST -- Building outlays likely declined by 0.4% in
December, after a huge 1.9% advance in November.
Monday, Feb. 3, 10 a.m.EST -- The National Association of Purchasing
Management's index probably dipped to 53.5% in January, from 53.8% in December.
A reading above 50% indicates the factory sector is growing.
Tuesday, Feb. 4 -- The Federal Open Market Committee of the Federal Reserve
will meet to set monetary policy. The MMS expectation is that the policymakers
will leave short-term interest rates unchanged. The meeting continues on Feb. 5.
Tuesday, Feb. 4, 10 a.m.EST -- The Conference Board's index of leading
indicators likely rose 0.2% in December, on top of a 0.1% increase in November.
Wednesday, Feb. 5, 10 a.m.EST -- Factory inventories probably rose 0.4% in
December, the same gain reported in November.
Friday, Feb. 7, 8:30 a.m.EST -- The MMS median forecast calls for a rise of
188,000 nonfarm jobs in January. That follows a 262,000 surge in December. The
jobless rate probably remained at December's 5.3%.
Friday, Feb. 7, 3 p.m.EST -- Consumers probably added $6.5 billion in new debt
in December, a bit less than the $7.4 billion in new borrowings in November.