The Week Ahead
Monday, May 3, 8:30 a.m. EDT -- Personal income in March is expected to show a gain of 0.3%, based on the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. Income rose 0.5% in February. Consumer spending is projected to have increased 0.4%, after February's 0.7% rise.
PURCHASING MANAGERS' INDEX
Monday, May 3, 10 a.m. EDT -- The National Association of Purchasing Management is expected to report a slight dip in its April index of industrial activity, to 54.2% from 54.3% in March.
Monday, May 3, 10 a.m. EDT -- The expectation for March construction outlays is for a gain of 0.1%. February spending rose 2.2%.
Monday, May 3 -- March sales of U.S.-made cars and light trucks are expected to total 13.8 at an annual rate, down slightly from 14.1 million in February. Companies will begin reporting on May 3 and finish on May 5.
Tuesday, May. 4, 10 a.m. EDT -- The Conference Board's March index of leading indicators is projected to rise 0.1%, after gaining 0.2% in February.
Wednesday, May 5, 10 a.m. EDT -- Factory inventories in March are expected to hold steady for the second month in a row.
Friday, May 7, 8:30 a.m. EDT -- Nonfarm payrolls are expected to have increased by 212,000 in March, after February's slim 46,000 gain. The jobless rate is projected to have held steady at 4.2%, and hourly earnings likely grew 0.3%.
Friday, May 7, 3 p.m. EDT -- Households are expected to have added $6.3 billion to their installment debt in March, after an $8.7 billion increase in February.