US retail sales and existing home sales data for April highlight this week’s economic calendar.
China’s economic activity is expected to cool further in April after authorities tightened rules to prevent the spread of Covid-19. Economists surveyed by The Wall Street Journal forecast that retail sales, a key measure of consumer spending, fell 5.4% from a year earlier in April, expanding from down 3.4% in March. Industrial production and fixed asset investment are expected to increase, but at a slower rate than at the beginning of the year.
https://www.wsj.com/articles/economy-week-ahead-u-s-consumers-housing-market-in-focus-11652641201?mod=pls_whats_news_us_business_f Economy Week Ahead: U.S. Consumers, Housing Market in Focus