The Week Ahead

      Monday, June 3, 8:30 a.m. edt -- The index of leading indicators compiled by 
      the Conference Board likely increased 0.2% in April, the same small gain posted 
      in March. That's the median forecast of economists surveyed by MMS 
      International, one of The McGraw-Hill Companies.
      Monday, June 3, 10 a.m. edt -- The MMS economists expect that the National 
      Association of Purchasing Management's business activity index probably 
      increased to 51% in May, from 50.1% in April. A reading above 50% suggests that 
      the industrial sector is expanding. The NAPM index had fallen below 50% in each 
      month of the first quarter, brought down by weak production, orders, and 
      Monday, June 3, 10 a.m. edt -- Construction outlays were likely unchanged in 
      April. That follows a large 3.1% increase in March, with gains in residential, 
      commercial, and public-works projects.
      FACTORY INVENTORIES Tuesday, June 4, 10 a.m. edt -- Factory inventories 
      probably rose 0.3% in April, after no change in March. That's suggested by a 
      gain in factory output. April orders likely fell 0.8%, after rising 1.5% in 
      EMPLOYMENT Friday, June 7, 8:30 a.m. edt -- The MMS median forecast calls for 
      an increase of 165,000 new nonfarm jobs in May. In April, payrolls added a 
      negligible 2,000 workers. The unemployment rate likely edged up to 5.5% last 
      month, from a 5.4% reading in April.
      INSTALLMENT CREDIT Friday, June 7, 3 p.m. edt -- Consumers probably added $8 
      billion in new credit in April, says the MMS forecast. Debt increased by just 
      $6.4 billion in March but averaged a large $11.5 billion in January and 
      February. Installment debt continues to rise despite slowing retail sales.