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Week Ahead: The Message from Retail Sales

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    Will the end of the payroll tax cut affect consumer spending, what will the NFIB small biz optimism report show and what's the latest trend in manufac...

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Welcome to the weekend had in business I'm Christina Scotty in New York.

Economic calendar is light next week with the spotlight on retail sales which is reported on Wednesday.

Economists will be looking to see if the 2% payroll tax hike -- have any effect on consumer spending.

The tax increase went into effect in January but economists believe that many didn't realize the change in their wallet immediately.

On Tuesday the national federation of small businesses small business optimism index about.

The report for January ticked up slightly but according to -- -- by being small business owner confidence continued to drag.

After failing to regain the losses caused by the fiscal -- scare.

On Friday the empire state manufacturing survey is out.

So the industrial production report for the month of February and the University of Michigan and Reuters consumer sentiment survey for -- In the last report consumer confidence improves impart some more positive signs of expanding employment.

The gauges watched closely on Wall Street since consumer spending accounts for about 70%.

Of economic out.

That's it for the week -- in business in the art and Christina Scott.