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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