Economy Week Ahead: Manufacturing Data From U.S. and China, U.S. Home Sales - Wall Street Journal

A worker loads a pallet with boxes at a warehouse in Montana. Photo: Chip Somodevilla/Getty Images

By

WSJ Staff

Dec. 15, 2019 3:00 pm ET

This week’s calendar brings new data on manufacturing for both the U.S. and China, as well as U.S. home sales and November consumer spending and inflation data.

Monday

China releases industrial-production data for November, expected to show value-added industrial output rising 5% over the previous year, up from October’s 4.7%.

Tuesday

The Federal Reserve releases November industrial-production data, a closely watched manufacturing gauge. The measure has declined in three of the past four months, due to the trade war and the global slowdown. Analysts expect a 0.8% increase, which could suggest the gloom is lifting at factories.

The Labor Department releases October data on job openings, hires and separations, which could show a rebound from September’s decline in openings. But September’s report also showed there are more open positions than unemployed workers available to fill them.

Thursday

Existing home sales picked up in October but November data released by the National Association of Realtors is expected to show a decline to a seasonally adjusted annual rate of 5.44 million.

Friday

The Commerce Department releases November consumer spending data which could offer an early assessment of this year’s holiday spending season. Analysts expect a 0.4% increase over the previous month.

The Commerce Department also releases the Federal Reserve’s preferred inflation gauge for November, expected to show a 1.6% year-over-year increase.

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Economy Week Ahead: Manufacturing Data From U.S. and China, U.S. Home Sales - Wall Street Journal
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