Economic Events on January 3, 2012

At 10:00 AM Eastern time, the Construction Spending report for November will be released, and the consensus is that there was an increase of 0.5% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for October will be released.  The consensus estimate is that it increased 0.5 points last month to a value of 53.2, and will still signal economic growth as it stays above the mid-point of 50.

At 2:00 PM Eastern time, the FOMC Meeting Minutes will be released, which will provide insight into how the Federal Reserve board governors and bank presidents view the economy.

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