Key economic events for the week of Dec. 2

This week, the economic news cycle picks up after a quiet holiday weekend. Expect updates on the nation’s unemployment situation, trade deficit and more.

Monday

The first piece of economic data out on Cyber Monday, when many retailers offer online bargains, will be the Institute of Supply Management’s manufacturing index for November. The ISM index is projected to drop a notch, to 55, from 56.4 the preceding month. A reading above 50 means the manufacturing sector is expanding.

Next, the Census Bureau’s report on construction spending for September and October will be released. Spending for October is expected to have increased by 0.4 percent. In August, construction spending increased by 0.6 percent compared with the previous month.

Tuesday

Updates on motor vehicle sales are to come out. Analysts forecast that the number of vehicles sold was a tad higher in November, at 15.8 million units. In October, the number was 15.2 million.

Wednesday

November’s private-sector jobs report, released by the payroll-processing firm ADP, will be out at 8:15 a.m. The number of jobs added is expected to reach 168,000, a jump from October’s lackluster figure of 130,000. The drop in hiring that month was largely blamed on the government shutdown.

New-home sales data for September and October will be released at 10 a.m. Sales are expected to have reached 430,000 units in October. After a steep drop in the summer, new-home sales increased by 8 percent in August to reach 421,000 units.

The country’s trade deficit for October is projected to narrow to $40.2 billion, from nearly $42 billion the previous month. The ISM’s non-manufacturing index for November is forecast to hover around 55, nearly the same as October.

At 2 p.m, the Federal Reserve will release its summary of the state of the economy, the “beige book.”

Thursday

Weekly jobless claims are expected to increase to 325,000, from 316,000 last week.

Analysts predict that factory orders declined by 1 percent in October, following an increase of 1.7 percent a month earlier. The September rise was caused by higher demand for aircraft.

A week after Thanksgiving shopping, chain stores will report sales figures for the month of November.

The European Central Bank is expected to keep interest rates unchanged at 0.25 percent.

Friday

It’s the last jobs-report Friday of 2013. After last month’s surprisingly positive report, this month’s release is expected to be more down-to-earth. Analysts forecast that 183,000 jobs were added last month, down from 204,000 in October. The unemployment rate is expected to fall a notch, to 7.2 percent.

American consumers likely started borrowing more money in October, according to analysts. Consumer credit is expected to have risen to $14.5 billion, from $13.7 billion the previous month. Income is also expected to have grown in October, by 0.3 percent. In September, income increased by half a percent.

Amrita Jayakumar covers national startups, small business issues and entrepreneurship.

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