The Week Ahead
PURCHASING MANAGERS' INDEXMonday, Dec. 2, 10 a.m. EST -- The Institute for Supply Management's November industrial activity index is forecast to have risen to 50%, the point between growth and contraction, up from 48.5% in October. That's based on the median forecast of economists surveyed by MMS International. CONSTRUCTION SPENDINGMonday, Dec. 2, 10 a.m. EST -- Building outlays in October probably held steady, following a 0.6% jump in September. VEHICLE SALESTuesday, Dec.3 -- Sales of U.S.-made and imported cars and light trucks very likely rebounded to an annual rate of 16 million units in November, after tumbling to 15.3 million in October.FACTORY INVENTORIESWednesday, Dec. 4, 10 a.m. EST -- Manufacturing inventories in October probably fell by 0.4%, after holding steady in September.EMPLOYMENTFriday, Dec. 6, 8:30 a.m. EST -- Nonfarm payrolls in November most likely grew by 30,000 positions, but manufacturers probably cut 25,000 jobs. In October, payrolls fell by 5,000, with 49,000 factory jobs lost. The unemployment rate very likely inched up to 5.8%, with the average workweek expected to have lengthened to 34.2 hours. INSTALLMENT CREDITFriday, Dec. 6, 3 p.m. EST -- Consumers probably took on an additional $6.5 billion of new debt in October. In September, growth in consumer credit swelled by $10 billion.