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Economy Week Ahead: Factories, Layoffs, Consumer Spending

Economy Week Ahead: Factories, Layoffs, Consumer Spending

Wednesday brings a full slate of economic data during a holiday-shortened week in the U.S. MONDAY Surveys of purchasing managers in the U.S. and Europ

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Wednesday brings a full slate of economic data during a holiday-shortened week in the U.S.

MONDAY

Surveys of purchasing managers in the U.S. and Europe are expected to point to slowdowns in the dominant services sector following a surge in new coronavirus infections and a tightening of restrictions on households and businesses. In Europe, the surveys are expected to point to a decline in overall activity despite a rise in manufacturing output, while the U.S. is expected to record continued growth.

TUESDAY

The Conference Board’s U.S. consumer confidence survey for November is likely to reflect rising coronavirus caseloads and a patchwork of state and local measures to help contain the pandemic.

This post first appeared on wsj.com

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