The Week Ahead
PURCHASING MANAGERS' INDEX
Monday, Feb. 3, 10 a.m. EST -- The Institute for Supply Management's January industrial-activity index probably slipped to 53.5%. That's based on the median forecast of economists surveyed by MMS International.
Tuesday, Feb. 4 EST -- Sales of U.S.-made and imported cars and light trucks most likely slowed to an annual pace of about 16 million in January.
PRODUCTIVITY & COSTS
Thursday, Feb. 6, 8:30 a.m. EST -- Output per hour worked in the fourth quarter is expected to have increased at a 0.7% annual rate after a 5.1% jump in the third quarter. Unit labor costs most likely surged 2.7%, following a 0.2% decline from the previous quarter.
Friday, Feb. 7, 8:30 a.m. EST -- Nonfarm payrolls in January are forecast to have grown by 50,000, while factories most likely trimmed 38,000 jobs. The jobless rate probably held at 6%, with hourly earnings very likely rising 0.3%.
Friday, Feb. 7, 3 p.m. EST -- Consumers are expected to have added another $3.4 billion of debt in December, compared with a decline of $2.2 billion in November.