Economic and Earnings Calendar
Monday
• May ISM Manufacturing PMI: This index from the Institute for Supply Management tracks how purchasing managers across the manufacturing sector feel about the business environment.
• April Construction Spending: Construction data is a leading indicator of business activity.
• Fedspeak: Dallas Fed President Lorie Logan will participate in a moderated conversation followed by Q&A. Chicago Fed President Austan Goolsbee will participate in Q&A as part of the Quad Cities Business Journal Mid-Year Economic Review. Fed Chair Jerome Powell will give opening remarks at a conference celebrating the 75th Anniversary of the Board of Governors’ International Finance division.
• Earnings: Campbell Soup (CPB)
Tuesday
• April Factory and Durable Goods Orders: These metrics give insight into underlying trends for leading cyclical indicators.
• April Job Openings: A key measure of business demand for labor is the number of job openings, since reducing openings is easier and preferable to layoffs.
• May Wards Total Vehicle Sales: Cars are a big ticket item for consumers, so underlying vehicle sales trends can help shine a light on demand for durable goods.
• Fedspeak: Chicago Fed President Austan Goolsbee will participate in Q&A as part of the Corridor Business Journal Mid-Year Economic Review. Dallas Fed President Lorie Logan will give opening remarks at a Fed Listens event.
• Earnings: CrowdStrike (CRWD), Dollar General (DG), Hewlett Packard Enterprise (HPE)
Wednesday
• May ADP Employment Report: This survey, usually released a day or two before the official government jobs report, offers insight into private sector employment trends.
• May S&P Global US PMIs: These indexes track how purchasing managers across different industries feel about the business environment.
• May ISM Services PMI: This index from the Institute for Supply Management tracks how purchasing managers across different services industries feel about the business environment.
• Fed Beige Book: This report is released eight times per year and tracks the state of the economy based on qualitative information.
• Weekly Mortgage Applications: Mortgage activity gives insight on demand conditions in the housing market.
• Fedspeak: Atlanta Fed President Raphael Bostic and Fed Governor Lisa Cook will moderate a roundtable discussion at a Fed Listens event.
• Earnings: Dollar Tree (DLTR)
Thursday
• May Challenger Job Cuts: The firm Challenger, Gray & Christmas tracks the number of layoff announcements each month by sector.
• April Trade Balance: Trade, made up of exports and imports, is an important driver of economic activity.
• 1Q Productivity and Unit Labor Costs: These measures provide a breakdown of how productive workers were per hour of work and at what cost.
• Weekly Jobless Claims: This high frequency labor market data gives insight into filings for unemployment benefits. Jobless claims have continued to show a labor market that remains strong despite having cooled.
• Fedspeak: Fed Governor Adriana Kugler will speak at the Economic Club of New York. Philadelphia Fed President Patrick Harker will discuss the economic outlook at an event at the regional Fed bank.
• Earnings: Broadcom (AVGO), Brown-Forman (BFB), Lululemon Athletica (LULU)
Friday
• May Employment Situation Summary: This monthly blockbuster release from the Labor Department gives a comprehensive look at employment, wages, and hours worked in the previous month.
• April Consumer Credit: Borrowing activity gives insight into broader economic activity.
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