Wednesday’s ADP private sector payroll report and a key manufacturing survey may show the lingering impact of the harsh winter weather that snuffed out first-quarter growth.
ADP is expected to report 225,000 private payrolls were added in March, up from 212,000 in February. While the number is a sort of preview for Friday’s jobs data, economists expect the government report to show a slight slowdown in hiring to a still strong 245,000—from the 288,000 average of the past three months.
There is also March ISM manufacturing data Wednesday at 10 a.m. ET as well as construction spending. Monthly auto sales, also reported Wednesday, are expected to rise to 16.9 million from 16.2 million.