Other economic reports this week
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* U.S. orders for machine tools increased in May as demand in almost all regions picked up, according to a report released today by the Assn. of Manufacturing Technology. Orders from U.S. companies for domestic and foreign-produced machine tools rose 8% in May to an estimated $466 million from a revised $432 million in April.
* In a report today, the Federal Reserve is expected to note that consumer credit growth probably cooled in May, rising by $7.5 billion after a $9.3-billion increase in April, analysts predict.
* Inventories at the nation’s wholesalers probably increased at a slower pace in May, economists forecast, after climbing 0.8% during April, according to a Commerce Department report coming Tuesday.
* Import prices, in a report due Thursday, probably increased in May following a 0.6% gain in April, a reflection of higher oil prices, analysts expect.
* The Fed on Friday is expected to report a slower pace of production in June at the nation’s factories, mines and utilities. Industrial production increased 0.4% in May.
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