Business Week Index
THE WEEK AHEAD
Monday, June 2, 8:30 a.m.EDT -- Personal income likely increased just 0.1% in
April while consumer spending was flat, according to the median forecast of
economists surveyed by MMS International, one of the McGraw-Hill Companies. In
March, income jumped 0.6% and purchases rose 0.5%.
Monday, June 2, 10 a.m.EDT -- Building outlays likely rose 0.5% in April,
rebounding from a 0.2% drop in March.
Monday, June 2, 10 a.m.EDT -- The MMS survey forecasts that the business index
of the National Association of Purchasing Management likely stood at 54% in
May, little changed from April's 54.2%.
Tuesday, June 3, 10 a.m.EDT -- The Conference Board's index of leading
indicators probably dipped 0.1% in April, after no declines for 14 consecutive
months. In March, the index rose 0.1%.
Wednesday, June 4, 10 a.m.EDT -- Manufacturers probably drew down their
inventories by a small 0.1% in April as floods and strikes hampered output.
Inventories rose 0.2% in March.
Friday, June 6, 8:30 a.m.EDT -- The MMS median forecast expects a strong
220,000 gain in nonfarm payrolls for May, after a more modest 142,000 increase
in April. The April number will most likely change, however, because the May
report will include new seasonal factors and benchmark revisions to the job
data. The unemployment rate is expected to edge up to 5% in May, from 4.9% in
Friday, June 6, 3 p.m.EDT -- Consumers likely added $5 billion to their
installment debt totals in April, says the MMS survey. In March, credit rose
just $2 billion.