Business Outlook: The Week Ahead
PERSONAL INCOME Tuesday, May 31, 8:30 a.m.
Personal income probably rose 0.5% in April, after a 0.6% gain in March. April consumer spending, however, rose only 0.1%, much slower than March's 0.4% advance. That's the median forecast of economists surveyed by MMS International, a unit of McGraw-Hill Inc. Softer consumer demand is suggested by the 0.8% decline in April retail sales.