Business Week Index: The Week Ahead
PERSONAL INCOME Monday, May 1, 8:30 a.m. Incomes probably grew 0.4% in March, on top of a 0.5% rise in February, says the median forecast of economists polled by The McGraw-Hill Companies' MMS International. Consumer spending likely rose 0.3%, after February's 0.1% gain. CONSTRUCTION SPENDING Monday, May 1, 10 a.m. March outlays for building projects probably fell 0.5%, the same as in February. NAPM SURVEY Monday, May 1, 10 a.m. The National Association of Purchasing Management's business index likely slipped to 50% in April from 51.4% in March. NEW HOME SALES Tuesday, May 2, 10 a.m. Sales of new houses probably rebounded to an annual rate of 560,000 in March, after plunging 14% in February, to a 551,000 pace. LEADING INDICATORS Wednesday, May 3, 8:30 a.m. The index of leading indicators likely fell 0.3% in March, on top of February's 0.2% dip. FACTORY INVENTORY Wednesday, May 3, 10 a.m. Manufacturers' inventories probably changed little in March, after a 0.8% jump in February. Last quarter's buildup in inventories is sure to lead to production and job cuts. EMPLOYMENT Friday, May 5, 8:30 a.m. The MMS economists expect that nonfarm payrolls rose by a modest 188,000 new jobs in April--less than the 203,000 increase in March. The unemployment rate in April probably remained at 5.5%. INSTALLMENT CREDIT Friday, May 5 Consumer debt likely grew by $6 billion in March. That's less than the $8.2 billion added in February and is another sign of slower consumer spending.
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