The Week Ahead
Monday, Apr. 29, 8:30 a.m. EDT -- Both personal income and consumer spending are forecast to have grown 0.4% 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, personal income and spending each rose by 0.6%.
Tuesday, Apr. 30, 10 a.m. EDT -- The Conference Board's confidence index probably stayed virtually unchanged in April, at 110, from 110.2 in March.
PURCHASING MANAGERS' INDEX
Wednesday, May 1, 10 a.m. EDT -- The Institute for Supply Management's April industrial-activity index most likely inched slightly lower to 55%, from 55.6% in March.
Wednesday, May 1, 10 a.m. EDT -- Building outlays probably increased by 0.3% in March, after a 1.1% jump during February.
Thursday, May 2, 10 a.m. EDT -- Manufacturing inventories in March probably declined by 0.8%.
Friday, May 3, 8:30 a.m. EDT -- Nonfarm payrolls in April are forecast to have risen by 50,000 jobs, after adding 58,000 positions in March. Manufacturers probably shed an additional 20,000 jobs. The unemployment rate is expected to have risen to 5.8%, from 5.7% in March, while the average workweek probably held steady at 34.2 hours.