Wednesday, January 31, 2018

Thursday: Unemployment Claims, ISM Mfg Index, Construction Spending, Vehicle Sales

by Bill McBride on 1/31/2018 08:08:00 PM

• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 235 thousand initial claims, up from 233 thousand the previous week.

• At 10:00 AM, ISM Manufacturing Index for January. The consensus is for the ISM to decrease to 58.7.  The PMI was at 59.7% in December, the employment index was at 57.0%, and the new orders index was at 69.4%.

• Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.5% increase in construction spending.

• All day, Light vehicle sales for January. The consensus is for light vehicle sales to be 17.3 million SAAR in January, down from 17.8 million in December (Seasonally Adjusted Annual Rate).