- The U.S. producer price index was down 0.6% in January. Excluding food and energy costs, prices were up 0.2% in January.
- U.S. housing starts were down 14% from December's pace and the weakest in ten years.
- The University of Michigan's consumer sentiment index dropped from 96.9 to 93.3 in February, more than expected.
- World Weather Inc., a private weather firm, released a new outlook that indicated dry conditions may begin in the U.S. around July due to a shift from El Nino into La Nina conditions.
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