Thursday: Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for initial claims of 218 thousand, down from 222 thousand last week. • At 10:00 AM ET, ISM Manufacturing Index for April. The consensus is for the ISM to be at 48.1, down from 49.0 in March. • Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.3% increase in construction spending. • All day, Light vehicle sales for April. The consensus expectation is for light vehicle sales to be 16.8 million SAAR in April, down from 17.8 million in March (Seasonally Adjusted Annual Rate). The WardsAuto estimate is for sales of 17.4 million SAAR in April.
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for initial claims of 218 thousand, down from 222 thousand last week.
• At 10:00 AM ET, ISM Manufacturing Index for April. The consensus is for the ISM to be at 48.1, down from 49.0 in March.
• Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.3% increase in construction spending.
• All day, Light vehicle sales for April. The consensus expectation is for light vehicle sales to be 16.8 million SAAR in April, down from 17.8 million in March (Seasonally Adjusted Annual Rate). The WardsAuto estimate is for sales of 17.4 million SAAR in April.
