The Week Ahead
DURABLE GOODS ORDERS
Tuesday, Apr. 28, 8:30 a.m. EDT -- New durable goods orders likely rose 0.7% in March, after falling 1.7% in February. That's the median forecast of economists surveyed by Standard & Poor's MMS, one of The McGraw-Hill Companies.
Tuesday, Apr. 28, 10 a.m. EDT -- The Conference Board's confidence index likely rose to 135 in April, from March's 134.3.
NEW HOME SALES
Wednesday, Apr. 29, 10 a.m. EDT -- New single-family homes probably sold at an annual rate of 870,000 in March. In February, home sales jumped unexpectedly, to a record high of 893,000.
REAL GROSS DOMESTIC PRODUCT
Thursday, Apr. 30, 8:30 a.m. EDT -- The S&P MMS survey expects that real GDP grew at an annual rate of 3.5% in the first quarter, after a 3.7% surge in the fourth quarter. Red-hot consumer spending led the gain.
Thursday, Apr. 30, 8:30 a.m. EDT -- Employment costs for civilian workers probably increased 0.9% in the first quarter, after rising 1% in the fourth quarter. Higher wages are pushing up the growth of overall compensation costs.
Friday, May 1, 8:30 a.m. EDT -- Personal income likely edged up 0.2% in March, while consumer spending rose 0.3%, says the S&P MMS survey. In February, incomes jumped 0.6%, while spending advanced 0.4%.
Friday, May 1, 10 a.m. EDT -- The National Association of Purchasing Management's business index likely fell to 53.5% in April, from 54.8% in March.
Friday, May 1, 10 a.m. EDT -- Construction outlays probably rose 0.1% in March, after a 0.3% increase in February.