JPE | Josepauloecon: US Economic Reports - Monday, 04 January 2016

segunda-feira, 4 de janeiro de 2016

US Economic Reports - Monday, 04 January 2016

Source: ADVFN Newsdesk <newsdesk@advfn.co.uk>

This text was copied from the source above mentioned. 

Jobs and private sector activity data are among the key economic readings scheduled for release in the unfolding week, as traders seek additional clarity on the economic outlook in the New Year. The spotlight is likely to be on the Labor Department's monthly non-farm payrolls data for December as well as ADP's private sector payrolls data for December, weekly jobless claims data, the results of the Institute for Supply's national manufacturing and non-manufacturing surveys for December and Markit's final manufacturing and service sector PMIs for December.

Monthly U.S. auto sales for December, some Fed speeches and the minutes of the December FOMC meeting, where the Fed began its monetary policy normalization by announcing its first hike in nearly a decade, could also be on the radar. The Commerce Department's construction spending, trade balance, factor orders, and wholesale trade data, all for November, and the Federal Reserve's consumer credit report for November round up the economic events of the week.

Markit is set to release its final U.S. manufacturing PMI data for December at 9:45 am ET. Economists expect the index to be upwardly revised to 52.8 from the flash estimate of 51.3, up slightly from the November reading of 52.6.

The Institute for Supply Management is due to release the results of its national manufacturing survey for December at 10 am ET. The consensus estimate calls for an increase in the manufacturing PMI to 49.2 from 48.6 in November.

The manufacturing PMI dropped to 48.6 in November from 50.1 in October, with a reading below 50 indicating a contraction in manufacturing activity. The pullback into contraction territory came as a surprise to economists, who had expected the index to climb to a reading of 50.5.

Also at 10 am, the Commerce Department is scheduled to release its construction spending data for November. Economists expect construction spending growth of 0.7 percent month-over-month.

Construction spending rose more than expected in October, reaching its highest level in nearly eight years. Construction spending climbed 1.0 percent to an annual rate of $1.107 trillion in October. Economists had expected spending to rise by 0.6 percent.

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