The Week Ahead
DURABLE-GOODS ORDERS Tuesday, June 25, 8:30 a.m.
New orders placed with durable-goods makers probably rose by about 1.9% in May, according to economists polled by MMS International, a division of McGraw-Hill Inc. The uptick would give strong evidence that the factory sector is climbing out of recession. The May gain is suggested by last month's increase in factory output, especially in the auto industry. Plus, the new-order index compiled by the National Association of Purchasing Management increased in May. In April, durable-goods orders advanced by a healthy 3%, but they fell in each of the three months before that. The expected gain in new orders indicates that the backlog of unfilled orders also increased in May. Unfilled orders fell 0.5% in March and 0.8% in April.
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