Thursday, August 31, 2017

Friday: Employment Report, ISM Mfg Index, Construction Spending, Vehicle Sales

by Bill McBride on 8/31/2017 08:22:00 PM

Note: August vehicle sales might be the first economic report impacted by Hurricane Harvey. Next Thursday, weekly unemployment claims will probably be impacted.

Earlier:

My August Employment Preview

and Goldman: August Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for August. The consensus is for an increase of 180,000 non-farm payroll jobs added in August, down from the 209,000 non-farm payroll jobs added in July. The consensus is for the unemployment rate to be unchanged at 4.3%.

• At 10:00 AM, ISM Manufacturing Index for August. The consensus is for the ISM to be at 56.6, up from 56.3 in August.

• Also at 10:00 AM, Construction Spending for July. The consensus is for a 0.6% increase in construction spending.

• Also at 10:00 AM, University of Michigan's Consumer sentiment index (final for July). The consensus is for a reading of 97.2, unchanged from the preliminary reading 97.6.

• All day: Light vehicle sales for August. The consensus is for light vehicle sales to be 16.7 million SAAR in August, unchanged from 16.7 million in  July (Seasonally Adjusted Annual Rate).