*          Sales of domestic cars decreased 6.2% in May, while total light vehicle (cars and light trucks) sales decreased 4.5% in May. Sales were 13.726 million units in May, at a seasonally adjusted annual rate, compared to 11.687 million in May of 2011.

*          New orders for manufactured goods (excluding semiconductors) decreased 0.6% in April, while shipments of manufactured goods decreased 0.3%.

*          Sales of merchant wholesalers in April were up 1.1%, while inventories were up 0.6%.

*          In April international trade deficit was $50.1 billion, $2.5 billion less than the revised March figure.

*          April consumer credit outstanding increased at an annual rate of 3.1% to $2,550.9 billion.

*          Both 30-year and 15-year fixed mortgage rates were at their new all-time record lows, according to Freddie Mac’s weekly surveys.

*          The advance figure for initial claims for unemployment insurance decreased 12 thousand to 377 thousand in the week ending June 2.

*          First quarter productivity decreased 0.9% (seasonally adjusted annual rate) in the non-farm business sector, while unit labor costs increased 1.3%.

*          In May, the Institute for Supply Management’s (ISM) non-manufacturing survey results indicated growth in the non-manufacturing business activity for the 29th consecutive month.

*          The FED’s Beige Book indicated that overall economic activity continued to expand at a moderate pace from early April to late May.

*          Total non-farm payroll employment rose 69 thousand in May, following an increase of 77 thousand in the previous month.

*          The unemployment rate increased to 8.2% in May, from 8.1% in the previous month.

*          The average workweek decreased by 0.1 to 34.8 hours. Average hourly earnings increased to $23.41, while average weekly earnings decreased to $805.30.

*          The advance figure for initial claims for unemployment insurance increased 10 thousand to 383 thousand in the week ending May 26.

*          Real GDP increased at an annual rate of 1.9% in the first quarter of 2012, after increasing at 3.0% in the previous quarter. In the advance estimate, released a month ago, the increase in real GDP was 2.2%.

*          Corporate profits from current production increased $11.4 billion in the first quarter, after an increase of $16.8 billion in the previous quarter.

*          Personal income increased 0.2% in April, while personal consumption expenditures increased 0.3%. The price index for personal consumption expenditures held steady in April, while the core index increased 0.2%.

*          April construction spending increased 0.3%. Private construction increased 1.2%, while public construction decreased 1.4%.

*          The Pending Home Sales Index decreased 5.5% to a reading of 95.5 in April.

*          The 30-year fixed mortgage rate for the week ending May 31 was down to its all-time record low of 3.75%.

*          The Conference Board’s consumer confidence index, which had declined slightly in April, fell further in May.

*          The Institute for Supply Management’s (ISM) manufacturing survey indicated that the manufacturing sector expanded (exceeded 50.0%) in May for the 34th consecutive month.