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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