The Week Ahead
PURCHASING MANAGER'S INDEX
Monday, Apr. 2, 10 a.m. EDT -- The National Association of Purchasing Management's index likely rose to 42.5% in March, from 41.9% in February. That is the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies.
Monday, Apr. 2, 10 a.m. EDT -- Building outlays in February probably rose 0.3%, after rising 1.5% in January. Mild weather and low mortgage rates have helped to keep spending strong so far this year.
Tuesday, Apr. 3, 10 a.m. EDT -- Manufacturing inventories were likely flat in February after jumping 0.7% in January. That's suggested by a decline in February factory output.
Friday, Apr. 6, 8:30 a.m. EDT -- Nonfarm payrolls are expected to have added 83,000 new jobs in March, after adding 135,000 jobs in February. Manufacturing payrolls likely lost 36,000 jobs after a larger-than-expected loss of 94,000 in February. Hourly earnings in March likely rose by a moderate 0.3%, following n advance of 0.5% in February. According to the S&P MMS forecast, the March jobless rate probably rose from 4.2% to 4.3%.
Friday, Apr. 6, 3 p.m. EDT -- Consumers likely took on $10 billion of additional debt in February, after adding $16 billion in January.