The Week Ahead
NEW HOME SALES Monday, Apr. 29, 10 a.m.EDT -- New homes sold at an annual rate of 695,000 in March, down from 700,000 in February, projects economists surveyed by MMS International, one of The McGraw-Hill Companies. EMPLOYMENT COSTS Tuesday, Apr. 30, 8:30 a.m.EDT -- Compensation likely rose 0.9% in the first quarter. CONSUMER CONFIDENCE Tuesday, Apr. 30, 10 a.m.EDT -- The Conference Board's index of consumer confidence probably stood at 98.2 in April. NAPM SURVEY Wednesday, May 1, 10 a.m.EDT -- The National Association of Purchasing Management's business index likely rose to 48.1% in April, from 46.9% in March. CONSTRUCTION SPENDING Wednesday, May 1, 10 a.m.EDT -- Construction outlays likely rose 0.5% in March, forecasts the MMS survey. Spending fell 0.9% in February. GROSS DOMESTIC PRODUCT Thursday, May 2, 8:30 a.m.EDT -- Real GDP grew at an annual rate of 1.7% in the first quarter, after just a 0.5% advance in the fourth, says the MMS median forecast. EMPLOYMENT Friday, May 3, 8:30 a.m.EDT -- Nonfarm payrolls probably rose 125,000 in April, on top of 140,000 jobs in March. April's jobless rate was likely unchanged at 5.6%. PERSONAL INCOME Friday, May 3, 8:30 a.m.EDT -- Personal income probably rose 0.4% in March, half the gain in February. Consumer spending likely edged up 0.3% in March, after a 1.1% jump in February.
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