Economic Events on May 1, 2012

The figures for motor vehicle sales for April will be released today.  The consensus estimate is that 14.4 million autos were sold last month, which would be the same as the previous month.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM Eastern time, the Construction Spending report for March will be released, and the consensus is that there was an increase of 0.5% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for April will be released.  The consensus estimate is that it decreased 0.4 points last month to a value of 53.0, but will still signal economic growth as it stays above the mid-point of 50.

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