The Week Ahead
PURCHASING MANAGERS' INDEX
Tuesday, Sept. 3, 10 a.m. EDT -- The Institute for Supply Management's industrial-activity index is forecast to have risen slightly in August, to 50.9%. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw- Hill Companies. In July, the index dropped to 50.5%.
Wednesday, Sept. 4 -- Sales of U.S.-made and imported cars and light trucks probably reached an annual rate of 17.5 million units in August, just under the 17.9 million level in July.
Wednesday, Sept. 4, 10 a.m. EDT -- Building outlays probably held steady during July. In June, large drops in nonresidential and government outlays caused a 2.2% decline.
Thursday, Sept. 5, 10 a.m. EDT -- Manufacturing inventories probably shrank by 0.2% in July, following a 0.1% fall in June. The pace of inventory liquidation has slowed considerably since late last year.
Friday, Sept. 6, 8:30 a.m. EDT -- Nonfarm payrolls in August are forecast to have risen by 43,000 positions, while the unemployment rate probably climbed back up to 6.0%. During July, payrolls rose by just 6,000 jobs, with the unemployment rate staying at 5.9%. The average workweek most likely rebounded to 34.1 hours, after falling to 34 hours in July.