For the U.S. jobs data impact on other December reports
For the U.S. jobs data impact on other December reports, analysts expect a 0.3% personal income rise that leaves a 0.3% average gain for a third consecutive quarter in Q4. Analysts expect Q4 growth rates of 3.9% for total income, 3.8% for disposable income, and 4.2% for personal current taxes, after respective Q3 rates of 3.6%, 4.5% and -3.0%. Industrial production is poised for a -0.3% December drop after big strike and weather-related gyrations in the prior three months. Analysts saw hours-worked declines of -0.1% for factories and -1.9% for mining, and analysts expect declines of -0.1% for manufacturing and -0.5% for mining, yet analysts also expect a -1.5% utility drop. Analysts expect a -4% vehicle assembly rate pull-back, following a 20.0% November bounce to an 11.4 M clip from an 8-year low of 9.1 M in October. Analysts expect industrial production contraction rates of -1.2% in Q4 and -1.5% in Q1 with hits from the GM strike, weather, and the Q1 Boeing 737 production halt. For construction, analysts saw a December payroll gain of 20k with a 0.3% rise for hours-worked. Analysts expect a 0.3% December construction spending rise, with growth concentrated in new residential construction, alongside restrained figures for nonresidential and public construction.