Economic Events on December 3, 2012

The figures for motor vehicle sales for November will be released today.  The consensus estimate is that 15 million autos were sold last month, which would be 700,000 more than the previous month.

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 0.4% 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 was unchanged last month at a value of 51.7, and will still signal economic growth as it stays above the mid-point of 50.

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