Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


U.S. Economic Calendar Event Update - Nov 30

Friday, November 30, 2012 8:47 AM

These are the U.S. economic calendar events for Friday, November 30, 2012. All times are EST.

Personal Income for Oct are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.2%. The prior period for Personal Income had a result of 0.4%. This event has a moderate effect on US markets.

Personal Spending for Oct are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.1%. The prior period for Personal Spending had a result of 0.8%. This event has a moderate effect on US markets.

PCE Prices - Core for Oct are scheduled to be released at 8:30 AM. Analysts are estimating a result of 0.2%. The prior period for PCE Prices - Core had a result of 0.1%. This event has a moderate effect on US markets.

Chicago PMI for Nov are scheduled to be released at 9:45 AM. Analysts are estimating a result of 50.7. The prior period for Chicago PMI had a result of 49.9. This event has a major effect on US markets.

At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.

Here is some more information about the events discussion in this article.

Personal Income: Personal income measures income from all sources. The largest component of total income is wages and salaries, a figure which can be estimated using payrolls and earnings data from the employment report. Beyond that, there are many other categories of income, including rental income, government subsidy payments, interest income, and dividend income. Personal income is a decent indicator of future consumer demand, but it is not perfect. Recessions usually occur when consumers stop spending, which then drives down income growth. Looking solely at income growth, one may therefore miss the turning point when consumers stop spending. The income report also includes a section covering personal consumption expenditures, also known as PCE. PCE is comprised of three categories: durables, nondurables, and services. The retail sales report will provide a good read on durable and nondurable consumption, while service purchases tend to grow at a fairly steady pace, making this a relatively predictable report, and ranking it well below retail sales in terms of market importance.

Personal Spending: The Consumer Expenditure Survey (CE) program consists of two surveys, the Quarterly Interview Survey and the Diary Survey, that provide information on the buying habits of American consumers, including data on their expenditures, income, and consumer unit (families and single consumers) characteristics. The survey data are collected for the Bureau of Labor Statistics by the U.S. Census Bureau. The CE is important because it is the only Federal survey to provide information on the complete range of consumers' expenditures and incomes, as well as the characteristics of those consumers. It is used by economic policymakers examining the impact of policy changes on economic groups, by businesses and academic researchers studying consumers' spending habits and trends, by other Federal agencies, and, perhaps most importantly, to regularly revise the Consumer Price Index market basket of goods and services and their relative importance.

PCE Prices - Core: Personal income measures income from all sources. The largest component of total income is wages and salaries, a figure which can be estimated using payrolls and earnings data from the employment report. Beyond that, there are many other categories of income, including rental income, government subsidy payments, interest income, and dividend income. Personal income is a decent indicator of future consumer demand, but it is not perfect. Recessions usually occur when consumers stop spending, which then drives down income growth. Looking solely at income growth, one may therefore miss the turning point when consumers stop spending. The income report also includes a section covering personal consumption expenditures, also known as PCE. PCE is comprised of three categories: durables, nondurables, and services. The retail sales report will provide a good read on durable and nondurable consumption, while service purchases tend to grow at a fairly steady pace, making this a relatively predictable report, and ranking it well below retail sales in terms of market importance.

Chicago PMI: The ISM-Chicago Business Survey, a regional view of the national economy, is a time-tested, market-moving report. The Chicago Business Barometer, summarizing current business activity, also is known as Chicago Purchasing Manager Index or Chicago PMI. The Barometer is considered to be a leading indicator of the USA economy.

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

Citigroup to return to U.S. court Dec. 2 over Argentine bond paymentsCitigroup to return to U.S. court Dec. 2 over Argentine bond payments
NEW YORK (Reuters) - A U.S. judge has scheduled a Dec. 2 hearing to weigh arguments over whether Citigroup Inc <C.N> should be allowed to process an expected interest payment by Argentina on b...
American Airlines third-quarter profit soars on lower fuel costsAmerican Airlines third-quarter profit soars on lower fuel costs
(Reuters) - American Airlines Group Inc <AAL.O>, the world`s largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts` estimates...
U.S. factory activity growth slips in October: MarkitU.S. factory activity growth slips in October: Markit
NEW YORK (Reuters) - The U.S. manufacturing sector slowed in October to its lowest rate of growth since July, while a gauge of new orders hit its lowest level since January, an industry report showed ...
Bank of England sets out tough regime for failed banksBank of England sets out tough regime for failed banks
LONDON (Reuters) - Top managers of a failed bank would be replaced immediately and creditors told within two days the losses they will bear, the Bank of England said on Thursday in its blueprint for...
Sears to close stores, lay off about 5,500 employees: Seeking AlphaSears to close stores, lay off about 5,500 employees: Seeking Alpha
(Reuters) - Struggling retailer Sears Holdings Corp <SHLD.O> will lay off at least 5,457 employees and close over 100 stores, many before Christmas, according to a Seeking Alpha report citing li...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.