Wednesday, October 31, 2018

Thursday: Unemployment Claims, ISM Mfg, Construction Spending

by Bill McBride on 10/31/2018 07:44:00 PM

Thursday:
• At All day: Light vehicle sales for October. The consensus is for 17.0 million SAAR in October, down from the BEA estimate of 17.36 million SAAR in September 2018 (Seasonally Adjusted Annual Rate).

• At 8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 212 thousand initial claims, down from 215 thousand the previous week.

• At 10:00 AM: ISM Manufacturing Index for October.  The consensus is for 59.1%, down from 59.8%. The PMI was at 59.8% in September, the employment index was at 58.8%, and the new orders index was at 61.8%.

• At 10:00 AM: Construction Spending for September.  The consensus is for 0.3% increase in spending