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The figures for motor vehicle sales in May will be released today.  The consensus estimate is that 9.7 million domestic autos were sold last month, which would be an decrease of 400,000 from the previous month.

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was no week to week change in the Purchase Index and a week to week decrease of 5.7% in the Refinance Index.

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the number of layoffs in May.

At 7:45 AM EDT, 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 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

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

At 10:00 AM EDT, the Construction Spending report for April will be released, and the consensus is that there was an increase of 0.1% in spending compared to the previous month.

Also at 10:00 AM EDT, the ISM manufacturing index for May will be released.  The consensus estimate is that it decreased 2.9 points last month to a value of 57.5, and will continue to signal economic growth as it remains above the mid-point of 50.

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