Economic Events on December 1, 2011

The figures for motor vehicle sales for November will be released today.  The consensus estimate is that 13.4 million autos were sold last month, which would be 100,000 more than the previous month.

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 391,000 new jobless claims last week, which would would be 2,000 less than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:00 AM Eastern time, the Construction Spending report for October will be released, and the consensus is that there was an increase of 0.3% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for November will be released.  The consensus estimate is that it increased 0.7 points last month to a value of 51.5, and will still signal economic growth as it stays above the mid-point of 50.

At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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