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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

Monday, June 2, 8:30 a.m.EDT -- Personal income likely increased just 0.1% in

April while consumer spending was flat, according to the median forecast of

economists surveyed by MMS International, one of the McGraw-Hill Companies. In

March, income jumped 0.6% and purchases rose 0.5%.

CONSTRUCTION SPENDING

Monday, June 2, 10 a.m.EDT -- Building outlays likely rose 0.5% in April,

rebounding from a 0.2% drop in March.

NAPM SURVEY

Monday, June 2, 10 a.m.EDT -- The MMS survey forecasts that the business index

of the National Association of Purchasing Management likely stood at 54% in

May, little changed from April's 54.2%.

LEADING INDICATORS

Tuesday, June 3, 10 a.m.EDT -- The Conference Board's index of leading

indicators probably dipped 0.1% in April, after no declines for 14 consecutive

months. In March, the index rose 0.1%.

FACTORY INVENTORIES

Wednesday, June 4, 10 a.m.EDT -- Manufacturers probably drew down their

inventories by a small 0.1% in April as floods and strikes hampered output.

Inventories rose 0.2% in March.

EMPLOYMENT

Friday, June 6, 8:30 a.m.EDT -- The MMS median forecast expects a strong

220,000 gain in nonfarm payrolls for May, after a more modest 142,000 increase

in April. The April number will most likely change, however, because the May

report will include new seasonal factors and benchmark revisions to the job

data. The unemployment rate is expected to edge up to 5% in May, from 4.9% in

April.

INSTALLMENT CREDIT

Friday, June 6, 3 p.m.EDT -- Consumers likely added $5 billion to their

installment debt totals in April, says the MMS survey. In March, credit rose

just $2 billion.


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