The Week Ahead
Monday, Apr. 28, 8:30 a.m. EDT -- Personal income in March is forecast to have risen by 0.4%, while personal expenditures most likely grew 0.6%. That's based on the median forecast of economists surveyed by MMS International.
Tuesday, Apr. 29, 10 a.m. EDT -- The Conference Board's April confidence index probably rebounded to 70, from 62.5 in March.
PRODUCTIVITY & COSTS
Thursday, May 1, 8:30 a.m. EDT -- Output per hour worked in the first quarter most likely rose at an annual rate of 2.8%, after a 0.8% rise in the fourth quarter. Unit labor costs probably increased 1.5%, after a 3.8% surge.
PURCHASING MANAGERS' INDEX
Thursday, May 1, 10 a.m. EDT -- The Institute for Supply Management's April industrial activity index is expected to slip to 46%, from 46.2% in March.
Friday, May 2, 8:30 a.m. EDT -- Nonfarm payrolls in April probably increased by a scant 3,000, after falling by 108,000 in March. Factories most likely cut 30,000 jobs in April. The unemployment rate probably inched up to 5.9%, while the average workweek is forecast to have fallen to 34.2 hours.