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