The Week Ahead

NAPM SURVEY
      Monday, Apr. 1, 10 a.m.EST -- The National Association of Purchasing 
      Management's business index likely rose to 46.5% in March from 45.2% in 
      February. So says the median forecast of economists surveyed by MMS 
      International, one of The McGraw-Hill Companies. The index would still be below 
      the 50% mark, indicating the industrial sector is struggling.
      
      CONSTRUCTION SPENDING
      Monday, Apr. 1, 10 a.m.EST -- Construction spending probably rose 0.5% on 
      February. Spending was up 0.3% in January. The additional rise in February is 
      indicated by the month's gain in housing starts.
      
      GROSS DOMESTIC PRODUCT
      Tuesday, Apr. 2, 8:30 a.m.EST -- The MMS forecast expects fourth-quarter real 
      GDP growth to remain at a 0.9% annual rate.
      
      LEADING INDICATORS
      Tuesday, Apr. 2, 8:30 a.m.EST -- The index of leading indicators likely 
      rebounded 0.9% in February, after January's 0.5% drop.
      
      PERSONAL INCOME
      Wednesday, Apr. 3, 8:30 a.m.EST -- Personal income probably jumped 0.7% in 
      February, after eking out a 0.1% gain in January. That's suggested by the surge 
      in February payrolls. February consumer spending likely rebounded 0.7%, after 
      slipping 0.5%.
      
      FACTORY INVENTORIES
      Wednesday, Apr. 3, 10 a.m.EST -- Factory inventories likely fell 0.5% in 
      February, after rising a large 0.7% in January.
      
      EMPLOYMENT
      Friday, Apr. 5, 8:30 a.m.EST -- The MMS median forecast is that nonfarm 
      payrolls edged up 77,000 in March. That's after the unexpected surge of 705,000 
      in February. March's unemployment rate likely rose to 5.7%, from 5.5% in 
      February. The Dow Jones industrial average plunged 171 points after the release 
      of the February report. However, because of Good Friday, the stock market will 
      be closed when the March report is released.
      
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