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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

Monday, Mar. 2, 8:30 a.m. EST -- Incomes likely grew 0.6% in January, while

consumer spending rose 0.3%, says the median forecast of economists polled by

Standard & Poor's MMS International, a unit of The McGraw-Hill Companies. In

December, income rose 0.4%, and spending was up 0.3%.

CONSTRUCTION SPENDING

Monday, Mar. 2, 10 a.m. EST -- Building spending probably rose 0.5% in January,

after a small 0.1% advance in December.

NAPM SURVEY

Monday, Mar. 2, 10 a.m. EST -- The National Association of Purchasing

Management's index in February most likely was unchanged from January's 52.4%

reading.

NEW SINGLE-FAMILY HOME SALES

Tuesday, Mar. 3, 10 a.m. EST -- New homes probably sold at an annual rate of

802,000 in January, up from 777,000 in December.

LEADING INDICATORS

Tuesday, Mar. 3, 10 a.m. EST -- The Conference Board's index of leading

indicators is likely to have increased 0.1% in January, after no gain in

December.

FACTORY INVENTORIES

Thursday, Mar. 5, 10 a.m. EST -- Inventories probably fell 0.2% in January,

after slipping 0.1% in December. Factory output rose only modestly in January.

EMPLOYMENT

Friday, Mar. 6, 8:30 a.m. EST -- The MMS forecast expects that nonfarm payrolls

grew by 250,000 in February, on top of a surprisingly large gain of 358,000 in

January. The strong demand for labor is suggested by the low level of jobless

claims. The jobless rate most likely remained at 4.7%.

INSTALLMENT CREDIT

Friday, Mar. 6, 3 p.m. EST -- Consumers probably added a modest $5 billion in

new debt in January, after borrowing an extra $3.9 billion in December.


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