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The Week Ahead


CONSTRUCTION SPENDING

Monday, Jan. 5, 10 a.m. EST -- Building outlays in November most likely climbed 0.5%, after a 0.9% surge in October. That's based on the median forecast of economists surveyed by Informa Global Markets. Construction outlays by businesses remain soft, leaving the housing sector as the driving force.

VEHICLE SALES

Monday, Jan. 5 -- Sales of U.S.-made and imported cars and light trucks in December are expected to have increased to an annual pace of 17.8 million, up from 16.7 million in November.

FACTORY INVENTORIES

Tuesday, Jan. 6, 10 a.m. EST " November manufacturing inventories most likely rose by 0.2%. Factory inventories were unchanged in October.

INSTALLMENT CREDIT

Thursday, Jan. 8, 3 p.m. EST " Consumers probably added $6 billion in debt during November, after a small increase of $0.9 billion a month earlier.

EMPLOYMENT

Friday, Jan. 9, 8:30 a.m. EST -- December nonfarm payrolls are forecast to have increased by 130,000, after a less-than-expected gain of 57,000 jobs in November. The jobless rate probably held steady at 5.9%. Average hourly wages very likely improved by 0.2%, following a 0.1% rise in November.


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