The Week Ahead
Monday, May 20, 10 a.m. EDT -- The Conference Board's April composite index of leading economic indicators probably remained unchanged. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. In March, the index inched up 0.1%.
Monday, May 20, 2 p.m. EDT -- The U.S. Treasury most likely registered a $72 billion surplus in April, after running a $189.8 billion surplus in April, 2001. Increased government outlays and less tax revenue could mean a deficit of close to $100 billion this fiscal year.
DURABLE GOODS ORDERS
Thursday, May 23, 8:30 a.m. EDT -- New orders for durable goods are forecast to have increased 0.3% in April, following a 0.6% decline during March.
GROSS DOMESTIC PRODUCT
Friday, May 24, 8:30 a.m. EDT -- The Commerce Dept.'s second look at first-quarter economic growth is expected to show no revision to real GDP growth, which was originally reported at 5.8%. Aftertax corporate profits in the first quarter probably rose 5%, reversing a string of five declines, including a 10.6% drop in the fourth quarter.
NEW RESIDENTIAL SALES
Friday, May 24, 10 a.m. EDT -- New single-family home sales during April probably rose slightly to an annual rate of 880,000 units, from 878,000 homes in March.