Business Week Index
THE WEEK AHEAD
Monday, June 3, 8:30 a.m. edt -- The index of leading indicators compiled by
the Conference Board likely increased 0.2% in April, the same small gain posted
in March. That's the median forecast of economists surveyed by MMS
International, one of The McGraw-Hill Companies.
Monday, June 3, 10 a.m. edt -- The MMS economists expect that the National
Association of Purchasing Management's business activity index probably
increased to 51% in May, from 50.1% in April. A reading above 50% suggests that
the industrial sector is expanding. The NAPM index had fallen below 50% in each
month of the first quarter, brought down by weak production, orders, and
Monday, June 3, 10 a.m. edt -- Construction outlays were likely unchanged in
April. That follows a large 3.1% increase in March, with gains in residential,
commercial, and public-works projects.
FACTORY INVENTORIES Tuesday, June 4, 10 a.m. edt -- Factory inventories
probably rose 0.3% in April, after no change in March. That's suggested by a
gain in factory output. April orders likely fell 0.8%, after rising 1.5% in
EMPLOYMENT Friday, June 7, 8:30 a.m. edt -- The MMS median forecast calls for
an increase of 165,000 new nonfarm jobs in May. In April, payrolls added a
negligible 2,000 workers. The unemployment rate likely edged up to 5.5% last
month, from a 5.4% reading in April.
INSTALLMENT CREDIT Friday, June 7, 3 p.m. edt -- Consumers probably added $8
billion in new credit in April, says the MMS forecast. Debt increased by just
$6.4 billion in March but averaged a large $11.5 billion in January and
February. Installment debt continues to rise despite slowing retail sales.