The Institute for Supply Management's manufacturing index for May is due for release at 10 a.m. Eastern.
The Institute for Supply Management's manufacturing index for May is due for release at 10 a.m. Eastern. Economists polled by MarketWatch expect the survey to slip to 54.0% in May from 54.8% in April, which was its highest level since last June. Any reading over 50 indicates expansion. In a separate report, the Commerce Department will release construction spending data for April. Analysts expect spending to rise 0.3% after a 0.1% increase in March.