Economic Events on November 29, 2012

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 390,000 new jobless claims last week, which would would be 20,000 less than the previous week.

Also at 8:30 AM Eastern time, the preliminary GDP report for the third quarter of 2012 will be announced.  The consensus is an increase of 2.8% in real GDP and an increase of 2.8% in the GDP price index.  The real GDP estimate is 0.8% higher than the advance value for the third quarter of 2011, and the GDP price index is the same.

Also at 8:30 AM Eastern time, the monthly Corporate Profits report from the Bureau of Economic Analysis will be released.

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 pending home sales index for October will be announced.  The consensus is that the index increased 1.0% last month.

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 11:00 AM Eastern time, the Kansas City Fed Manufacturing Index for November will be released.  The consensus is that the index will be at -1, which would be an increase of 3 points from the previous month.

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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