HUGE Day For Economic Data Coming Up

pancakes

Photo: Wikimedia Commons

Today is going to be a big day for economic data.Here’s a quick synopsis of what’s to come.

  • January personal income: Analysts expect a 0.4% rise vs. 0.5% in the month before.
  • January personal spending: Analysts expect 0.4% vs. 0.0% in December.
  • Initial jobless claims: Analysts predict 355K vs. 351K last month.
  • Construction spending: Analysts expect a 1.0% sequential gain in January.
  • ISM Manufacturing: Analysts expect 54.5.
  • Total Vehicle sales: Analysts expect 14.0-14.4 million.

And regarding that last number, total vehicle sales, you should watch it closely, since it’s a decent proxy for the unemployment rate, which normally comes out on the first Friday of each month, but this month is coming out next week.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us