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Monday, April 2, 2018

The Business News Week Ahead

A busy week topped by the employment report starts off with close looks at two sectors that have been posting outstanding payroll growth: manufacturing and construction. The week kicks off with the March final for the manufacturing PMI followed by ISM's manufacturing index which, in what would be rare form, is expected to hold the 60 level. Construction spending is also out on Monday and improvement here is the call. Tuesday's news will be unit auto sales and the first hard indication on consumer spending during March with Wednesday's focus on March updates out of the service sector including the ISM non-manufacturing index which itself has been flirting with a 60 score. The trade deficit will dominate Thursday's calendar and may raise questions over the strength of first-quarter GDP, leading to Friday's employment report where moderate readings for payrolls and wages are the expectations despite what is expected to be a downtick in the unemployment rate to 4.0 percent.

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