The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of May at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.6 in May from 49.2 in April, but a reading below would still indicate contraction.
Also at 10 am ET, the Commerce Department is due to release its report on construction spending in the month of April. Construction spending is expected to rise by 0.2 percent in April after dipping by 0.2 percent in March.