The Week Ahead
Monday, Sept. 30, 8:30 a.m. EDT -- Personal income and consumer expenditures are both forecast to have increased 0.4% in August. That's based on the median forecast of economists surveyed by MMS International. In July, personal income held steady, while expenditures jumped 1%.
PURCHASING MANAGERS' INDEX
Tuesday, Oct. 1, 10 a.m. EDT -- The Institute for Supply Management's September industrial-activity index probably sank to 50%, the inflection point between growth and contraction. The August index fell to 50.5%.
Tuesday, Oct. 1, 10 a.m. EDT -- Building outlays in August are expected to have dipped 0.3%, after holding steady in July.
Tuesday, Oct. 1 -- Sales of U.S.-made and imported cars and light trucks most likely slowed to an annual rate of 17 million in September, from a surprising 18.6 million units in August.
Thursday, Oct. 3, 10 a.m. EDT -- Manufacturing inventories probably fell 0.3% in August, following a 0.1% decline in July.
Friday, Oct. 4, 8:30 a.m. EDT -- Nonfarm payrolls in September probably rose by 25,000 positions, after adding 39,000 jobs in August. Weak job growth most likely means the unemployment rate climbed back up to 5.9%. The average workweek is forecast to have remained unchanged at 34.2 hours.