March 31 Chicago PMI 60 59.8
Apr 1 ISM 53.9% 53.2%
Apr 1 Construction spending -0.3% 0.1%
Apr 1 Vehicle sales 15.8 mln 15.3 mln
Apr 2 Factory orders 1.2% -0.7%
Apr 3 Trade deficit -$39.6 bln -$39.1 bln
Apr 3 ISM non-manufacturing 53.2% 51.6%
Apr 4 Nonfarm payrolls 200,000 175,000
Apr 4 Unemployment rate 6.6% 6.7%
The slew of data which due to be released in the coming week, if the fall in as per expectation or even above it then we can assume the recent falls were weather related. However if the data release does come in below expectation then it would be a red flag meaning that the economy in US. is not growing as per expectations. The fed would then have their hands full explaining further tapering. They will in all probabilities wait for some more time before even reconsidering tapering, let alone stopping it.
We need to watch these figures closely as the markets would constantly fluctuate with these data coming out.Ignoring it would not be an option any more as we have seen in the recent past.