IFR-Preview-major US economic data for June 1

Newswire

WHAT: Department of Commerce Domestic Vehicle Sales, May WHEN: No set time FORECASTS (annual rate) Reuters IFR Previous Total sales (mln units) 14.50 14.55 14.37 IFR COMMENTARY: "Light vehicle sales should see another minor uptick in May, (from 14.37 mln) to about 14.55 mln. The aging fleet, slowly improving employment picture, and better availability of auto credit are conspiring to keep sales on an upward trend, though a considerably more modest one than implied by the sharp January and ...

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