A look at some of the key business events and economic indicators upcoming this week:
RETAIL RECEIPTS
The
Analysts expect that retail sales rose 0.3% last month after stagnating in April. Shopping by consumers accounts for nearly 70% of the
Retail sales, monthly percent change, seasonally adjusted:
Dec.: 0.4
Jan.: -1.1
Feb.: 0.7
March: 0.7
April: 0.0
May (est.): 0.3
Source: FactSet
Grocery chain
Analysts forecast the
HOUSING UPDATE
On Friday, the
Economists project that sales of previously occupied homes fell in May for the third month in a row. The spring homebuying season is off to a sluggish start this year as home shoppers contend with elevated mortgage rates and rising prices.
Existing home sales, in millions, seasonally adjusted annual rate:
Dec.: 3.88
Jan.: 4.00
Feb.: 4.38
March: 4.22
April: 4.14
May (est.): 4.08
Source: FactSet
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