The Week Ahead
Tuesday, Apr. 24, 10 a.m. EDT -- The Conference Board's index of consumer confidence likely fell to 114 in April, from 117 in March. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.
Wednesday, Apr. 25, 8:30 a.m. EDT -- New orders taken by durable-goods producers in March probably grew by 0.2%, after a 0.2% decrease in February. An increase in orders may signal that a rebound for nontech manufacturers is beginning.
Wednesday, Apr. 25, 10 a.m. EDT -- The new single-family home and existing-home sales reports will be released simultaneously. New-home sales for March likely rose to an annual rate of 915,000, from 911,000 in February. Existing-home sales in March probably fell to an annual rate of 5.10 million units, from February's pace of 5.18 million.
EMPLOYMENT COST INDEX
Thursday, Apr. 26, 8:30 a.m. EDT -- Compensation in the first quarter likely rose by 1%, after a 0.8% rise in the fourth quarter.
GROSS DOMESTIC PRODUCT
Friday, Apr. 27, 8:30 a.m. EDT -- The economy is expected to have grown at an annual rate of just 0.8% in the first quarter, after the fourth quarter's lackluster pace of 1%. Slower inventory accumulation held down growth, probably to its lowest pace in almost six years.