U.S. 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 gauge of consumer spending, fell 5.4% from a year earlier in April, widening from a drop of 3.4% in March. Industrial production and fixed-asset investment are expected to rise, but at a slower pace than earlier in the year.
