Magazine

The Week Ahead


CONSTRUCTION SPENDING

Monday, July 1, 10 a.m. EDT -- Building outlays are forecast to have inched up 0.3% in May after a 0.2% gain in April. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies.

PURCHASING MANAGERS' INDEX

Monday, July 1, 10 a.m. EDT -- The Institute for Supply Management's industrial activity index probably slipped to 55% in June, from 55.7% in May. While production and new orders are increasing, only a few sectors are hiring additional workers.

VEHICLE SALES

Tuesday, July 2 -- Sales of U.S.-made and imported cars and light trucks probably totaled an annual rate of 16.4 million units for June, after falling to an annual rate of 15.5 million in May. Through May, vehicle sales are on a healthy yearly pace of 16.3 million units.

FACTORY INVENTORIES

Wednesday, July 3, 10 a.m. EDT -- Manufacturing inventories most likely fell 0.4% in May, following a 0.2% decline in April.

EMPLOYMENT

Friday, July 5, 8:30 a.m. EDT -- Nonfarm payrolls in June most likely increased by 68,000 jobs, after adding 41,000 positions during May. Factory payrolls are forecast to have fallen by an additional 10,000 jobs. The unemployment rate is expected to inch back up to 5.9%, from 5.8% in May. The average workweek probably remained unchanged at 34.2 hours.


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