The Week Ahead
Monday, Dec. 3, 8:30 a.m. EST -- Personal income probably grew 0.1% in October. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. October consumer spending likely rose 2.1%, after falling 1.8% in September.
Monday, Dec. 3, 10 a.m. EST -- Building outlays are projected to have fallen for a sixth consecutive month, by 0.3% in October.
PURCHASING MANAGERS' INDEX
Monday, Dec. 3, 10 a.m. EST -- The National Association of Purchasing Management's index of industrial activity probably rebounded to 42% in November, after tumbling to 39.8% in October.
Friday, Dec. 7, 10 a.m. EST -- Manufacturing inventories likely fell 1% in October.
Friday, Dec. 7, 8:30 a.m. EST -- Nonfarm payrolls are projected to have fallen by 200,000 jobs in November, after a decline of 415,000 jobs in October. November factory payrolls likely shrank by 85,000 jobs. The cuts will probably push the unemployment rate to 5.5%, while the average workweek is forecast to remain unchanged, at 43.0 hours.
Friday, Dec. 7, 3 p.m. EST -- Consumers probably took on $3 billion of additional debt during October, after adding $3.2 billion of new debt in September.