The Week Ahead
Monday, June 1, 10 a.m. EDT -- The National Association of Purchasing Management index was likely unchanged in May from April's 52.9% reading. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. The purchasers' index gives the most immediate reading of the health of the industrial sector.
Monday, June 1, 10 a.m. EDT -- Building outlays likely increased 0.4% in April, after falling 0.5% in March. Nonresidential construction has been weak in recent months.
Tuesday, June 2, 10 a.m. EDT -- The Conference Board's composite index of leading indicators was likely unchanged in April, after rising 0.2% in March.
NEW HOME SALES
Tuesday, June 2, 10 a.m. EDT -- New single-family homes probably sold at an annual rate of 835,000 in April, up from a 828,000 pace in March. That's suggested by the increase in current sales reported in a national survey of homebuilders.
Thursday, June 4, 10 a.m. EDT -- Manufacturers probably saw no change in their inventories in April, after stock levels rose by 0.2% in March.
Friday, June 5, 8:30 a.m. EDT -- The S&P MMS median forecast projects that nonfarm payrolls increased by a solid 225,000 new jobs in May. Payrolls increased by 262,000 in April. However, the unemployment rate likely edged back up to 4.4% in May, from 4.3% in April.
Friday, June 5, 3 p.m. EDT -- Consumers likely added $4 billion in new debt in April, says the S&P MMS survey. Credit rose only $1 billion in March.