The Week Ahead
Tuesday, May 31, 10 a.m. EDT -- The Conference Board's May consumer confidence index is expected to have retreated to 95.2. That's the median forecast of economists polled by Action Economics LLC. In April the index declined to 97.7.
PURCHASING MANAGERS' INDEX
Wednesday, June 1, 10 a.m. EDT -- The Institute for Supply Management's May factory activity index most likely eased for a sixth straight month, to 52.1%. In April the index stood at 53.3%. The gradual decline in the index indicates a slower pace of growth among manufacturers.
Wednesday, June 1, 10 a.m. EDT -- Building outlays in April probably picked up by 0.6% following a 0.5% gain in March.
Thursday, June 2, 10 a.m. EDT -- Manufacturing inventories were very likely unchanged in April. In March inventories grew by 0.6% for a second straight month.
Friday, June 3, 8:30 a.m. EDT -- May nonfarm payrolls probably rose by 178,000 following a surprising jump of 274,000 in April. Manufacturers most likely added 2,000 workers after cutting 6,000 jobs in April. The May jobless rate is expected to have held steady at 5.2%.