Economic Events on February 28, 2011

At 8:30 AM EST, the monthly Personal Income and Outlays report for January will be released.  The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.4%.

At 9:45 AM EST, the Chicago PMI Index for February will be announced.  The consensus index value is 68, which is 0.8 points lower than last month, but is still well above the break-even level at 50.

At 10:00 AM EST, the value of the pending home sales index for December will be announced.

At 3:00 PM EST, the Farm Prices report for January will be released, giving investors and economists an indication of the direction of food prices in the coming months.

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