by Calculated Risk on 11/29/2025 08:11:00 AM
Special Note: There is still uncertainty on when some economic reports will be released. The employment report for November will NOT be released this week. Items listed in RED have not been announced and will likely not be released this week.
The key reports this week are the November ISM manufacturing index and November vehicle sales.
—– Monday, December 1st —–
10:00 AM: ISM Manufacturing Index for November. The consensus is for 48.6%, down from 48.7%.
10:00 AM: Construction Spending for October.
8:00 PM: Speech, Fed Chair Jerome Powell, Brief Remarks and Panel Discussion with Michael Boskin and Condoleezza Rice on George Shultz and his Economic Policy Contributions
At the Hoover Institution’s George P. Shultz Memorial Lecture Series: George Shultz and Economic Policy, Stanford, Calif.
—– Tuesday, December 2nd —–
TAll day: Light vehicle sales for November.
The consensus is for 15.4 million SAAR in November, up from 15.3 million SAAR in October (Seasonally Adjusted Annual Rate).
This graph shows light vehicle sales since the BEA started keeping data in 1967.
—– Wednesday, December 3rd —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:15 AM: The ADP Employment Report for November. This report is for private payrolls only (no government). The consensus is for 20,000 jobs added, down from 42,000 in October.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for October.
This graph shows industrial production since 1967.
The consensus is for no change in Industrial Production, and for Capacity Utilization to decrease to 77.3%.
10:00 AM: the ISM Services Index for November. The consensus is for 52.1, down from 52.4.
—– Thursday, December 4th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 218,000, up from 216,000 last week.
—– Friday, December 5th —–
10:00 AM: Personal Income and Outlays for September. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2% (up 2.9% YoY).
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for December).
