There are a number of key government and private sector reports I’ll be keeping an eye on during the week of June 25, and you should place them on your agenda, as well.

They are:

Wednesday (June 27)

Durable Goods Orders. The Commerce Department will release this monthly report for May that details the dollar volume of orders, shipments and unfilled orders of durable goods. Durable goods are those items with an intended lifespan of more than three years. Orders for durable goods are considered an excellent indicator of manufacturing activity. It is likely that the stock market will move on this report.

Thursday (June 28)

Initial Claims for Unemployment. The Labor Department produces this report that details initial jobless applications. The report provides an indicator of the direction of the economy, with increases or decreases in claims that signal slowing or accelerating job growth.

First-Quarter Gross Domestic Product (Third Estimate)

. This is a significant report. The Commerce Department will release its third estimate for Gross Domestic Product (GDP) numbers for the economy for the first quarter of 2012. This is the broadest measure of economic activity.

This report can move the market up or down depending on the data. The broad components of GDP are: consumer spending (consumption), investment, net exports, government purchases and inventories. Consumer spending is by far the largest component, totaling roughly two-thirds of GDP.

Friday (June 29)

Personal Income. The Commerce Department will release this monthly report that measures income from all sources. Wages and salaries comprise the largest part of the index, which are estimated using payrolls and earnings data from the employment report.

Additionally, the report factors in other sources including rental, government subsidy payments, interest income and dividend income. This report is a good indicator of future consumer demand. I will be watching these numbers closely as I believe that future consumer spending represents more than two-thirds of this nation’s economic output.

University of Michigan Consumer Sentiment Index (Final Reading). The University of Michigan index is almost identical to the Conference Board index, though there are two monthly releases, a preliminary and final reading.

Like the Conference Board index, it has two subindices—expectations and current conditions. This index has increased its influence of late on Wall Street and has the ability to move the market up or down.