INSTALLMENT CREDIT
      Wednesday, June 7 -- Consumers probably added about $7.5 billion to their debt 
      loads in April. That's suggested by the small increase in retail sales for the 
      month. In March, debt exploded by $13.8 billion, the biggest advance in seven 
      months. Revolving credit, which includes credit cards, led the gain, increasing 
      by $6.7 billion in March. Installment debt outstanding in March amounted to 
      18.1% of disposable income, near the rate of the highly leveraged late 1980s. 
      Because the Federal Reserve does not report how much of the net credit rise 
      comes from increased borrowing and how much reflects smaller debt repayments, 
      it is difficult to tell if the recent debt bulges indicate greater use of 
      credit cards for convenience, or, alternatively, if households are struggling 
      to make the monthly payments on old borrowing.
      
      UNEMPLOYMENT CLAIMS
      Thursday, June 8, 8:30 a.m. -- New filings for unemployment benefits probably 
      fell back for the week ended June 3, to about 330,000. Claims surged 
      unexpectedly from the end of April through all of May. In the week of May 20, 
      claims stood at 380,000. On a four-week moving average, filings were running at 
      their fastest pace in 21/2 years. For the forecast week, the number is expected 
      to fall, because state offices were closed for Memorial Day. Despite a growing 
      economy and booming profits, companies continue to pare their payrolls.
      
      PRODUCER PRICE INDEX
      Friday, June 9, 8:30 a.m. -- Producer prices for finished goods probably 
      increased by a modest 0.3% in May, according to the median forecast of 
      economists surveyed by MMS International, one of The McGraw-Hill Companies. 
      Prices jumped 0.5% in April, because of rising energy prices. Excluding food 
      and energy, core prices probably rose 0.3% in May, the same as in April. 
      Despite recent runups in commodity prices, inflation at the producer level 
      remains tame. Total prices are up just 2.2% over the past year, and the core 
      rate is running below 2%.
      
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