The Week Ahead
Monday, May 7, 3 p.m. EDT -- Consumers likely took on an additional $10 billion of debt in March. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. In February, consumers added $13.5 billion of debt, and credit as a percentage of disposable income grew from 21.7% to a record 21.8%.
PRODUCTIVITY & COSTS
Tuesday, May 8, 8:30 a.m. EDT -- Output per hour worked in the first quarter likely grew at an annual rate of 1.4%. That follows a 2.2% rise in fourth-quarter productivity, calculated from a 0.8% rise in production and a 1.4% drop in hours worked. Unit labor costs probably rose about 3%, after rising 4.3% in the fourth quarter.
Thursday, May 10, 8:30 a.m. EDT -- Export prices in April were probably unchanged, after dipping 0.1% in March. April import prices likely rose 0.2%, after falling 1.6%.
Friday, May 11, 8:30 a.m. EDT -- Retail sales probably rose by 0.3% in April, after falling 0.2% in March. Excluding vehicles, sales likely rebounded by 0.4%, after falling 0.1% in March.
PRODUCER PRICE INDEX
Friday, May 11, 8:30 a.m. EDT -- Producer prices of finished goods likely rose just 0.2% in April. Core prices, which exclude food and energy, likely advanced by 0.1%. In March, prices fell by 0.1%, while core prices increased 0.1%.