The Week Ahead
Tuesday, June 1, 10 a.m. EDT1 -- The National Association of Purchasing Management's index likely rebounded to 53.3% in May from 52.8% in April, says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.
Tuesday, June 1, 10 a.m. EDT -- Construction outlays probably rose 0.4% in April, after increasing 0.5% in March.
Tuesday, June 1, 10 a.m. EDT -- The S&P MMS survey forecasts that the Conference Board's composite index of leading indicators probably edged up just 0.1% in April, the same small advance posted in March.
NEW HOME SALES
Wednesday, June 2, 10 a.m. EDT -- New single-family homes in April probably sold at an annual rate of 890,000, says the S&P MMS median forecast. If so, April's sales were down from their 909,000 pace of March.
Thursday, June 3, 10 a.m. EDT -- Factory inventories probably edged up 0.2% in April after falling for four straight months, including a 0.2% drop in March.
Friday, June 4, 8:30 a.m. EDT -- The S&P MMS median forecast expects that nonfarm payrolls increased a solid 201,000 in May, following a gain of 234,000 in April. Factory jobs, however, probably continued to decline. The jobless rate is expected to remain at 4.3%. And hourly earnings likely increased 0.3% in May, after rising a very modest 0.2% in each of the three previous months.