Economic Events on January 2, 2013

The figures for motor vehicle sales for December will be released today.  The consensus estimate is that 15.1 million autos were sold last month, which would be 400,000 less than the previous month.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

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 0.6% in spending compared to the previous month.

Also at 10:00 AM Eastern time, the ISM manufacturing index for December will be released.  The consensus estimate is that it increased 1 point last month to a value of 50.5, 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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