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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

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.

CONSTRUCTION SPENDING

Monday, Feb. 3, 10 a.m.EST -- Building outlays likely declined by 0.4% in

December, after a huge 1.9% advance in November.

NAPM SURVEY

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.

FOMC MEETING

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.

LEADING INDICATORS

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.

FACTORY INVENTORIES

Wednesday, Feb. 5, 10 a.m.EST -- Factory inventories probably rose 0.4% in

December, the same gain reported in November.

EMPLOYMENT

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%.

INSTALLMENT CREDIT

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.


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