Economic Events on October 1, 2010

The figures for motor vehicle sales in September will be released today.  The consensus estimate is that 8.6 million autos were sold last month, which would be an increase of 300,000 from August.

Ben Bernanke, Tim Geithner, Sheila Bair, Mary Schapiro and Gary Gensler will participate in the first meeting of the Financial Stability Oversight Council.

At 8:30 AM EDT, the monthly Personal Income and Outlays report for August will be released.  The consensus for Personal Income is an increase of 0.3% over the previous month,  the consensus Consumer Spending index change is an increase of 0.4% and the consensus Core PCE price index change is an increase of 0.1%.

At 9:55 AM EDT, Consumer Sentiment for the second half of September will be announced.  The consensus is that the index will be at 67, which is 0.4 points higher than the value reported in the first half of the month.

At 10:00 AM EDT, the Construction Spending report for August will be released, and the consensus is that there will a decline of 0.4% in spending compared to the previous month.

Also at 10:00 AM EDT, the ISM Manufacturing Index for September will be released.  The consensus is that the index value will be 54.5, which would be an decrease of 1.8 points from August, but would be the fourteenth month of expansion in a row.

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