Highlights
German retail sales volumes are expected to fall 0.4 percent on the month in April versus March's much better-than-expected and much needed monthly pickup of 1.8 percent.
In Switzerland, annual retail sales growth is seen rising 0.2 percent in April after falling 0.1 percent in March.
French consumer prices for May are seen up 0.2 percent on the month, lifting the yearly inflation rate from April's final 2.2 percent to 2.4 percent.
In France, consumer spending on manufactured goods is expected to increase 0.2 percent on the month in April following a 0.6 percent increase in March.
No revision is expected to the French flash GDP data for the first quarter, leaving a 0.2 percent quarterly rise and a 1.1 percent yearly advance.
No revision is expected to the Italian flash GDP data for the first quarter, leaving a 0.3 percent quarterly rise and a 0.6 percent yearly advance.
The Eurozone's harmonised index of consumer prices (HICP) for May is a preliminary 2.5 percent and 2.7 percent for the narrow core. These would compare respectively with April's 2.4 and 2.7 percent, the former unchanged from March's 2.4 percent and the latter down from 2.9 percent.
In the Italian CPI data for May, consumer prices are forecast to rise a monthly 0.2 percent after a 0.1 percent increase in the final April data.
India's GDP, due at 8 a.m. EDT (1200 GMT), is expected to show the year-over-year rate of economic growth slowed to 6.4 percent in the first quarter from 8.4 percent in the previous quarter, which was the strongest growth in six quarters.
In the US, personal income as well as consumption expenditures are both expected to increase 0.3 percent on the month in April. These would compare with March's 0.5 percent increase in income and stronger-than-expected 0.8 percent increase in consumption. Inflation readings for April are expected at monthly increases of 0.3 percent overall and a modest 0.2 percent for the core (versus 0.3 percent for both in March). Annual rates are expected at 2.7 percent overall and 2.8 percent for the core (matching March's 2.7 and 2.8 percent both of which were slightly higher than expected).
The Chicago PMI is expected to rebound to 40.8 in May versus April's much lower-than-expected 37.9 that followed March's lower-than-expected 41.4. This index has been in long contraction and has missed Econoday's consensus the last five reports.
Canada's monthly GDP data for March is forecast to show flat growth after the economy grew a monthly 0.2 percent in February. In the January-March quarter, the GDP is seen rising a solid 2.3 percent at an annualized pace, partly due to the end of a public sector strike in Quebec, following a 1.0 percent expansion in the fourth quarter.
Atlanta Federal Reserve Bank President Raphael Bostic will give a commencement speech at Augusta Technical College at 6:15 p.m. EDT (2215 GMT).
In Switzerland, annual retail sales growth is seen rising 0.2 percent in April after falling 0.1 percent in March.
French consumer prices for May are seen up 0.2 percent on the month, lifting the yearly inflation rate from April's final 2.2 percent to 2.4 percent.
In France, consumer spending on manufactured goods is expected to increase 0.2 percent on the month in April following a 0.6 percent increase in March.
No revision is expected to the French flash GDP data for the first quarter, leaving a 0.2 percent quarterly rise and a 1.1 percent yearly advance.
No revision is expected to the Italian flash GDP data for the first quarter, leaving a 0.3 percent quarterly rise and a 0.6 percent yearly advance.
The Eurozone's harmonised index of consumer prices (HICP) for May is a preliminary 2.5 percent and 2.7 percent for the narrow core. These would compare respectively with April's 2.4 and 2.7 percent, the former unchanged from March's 2.4 percent and the latter down from 2.9 percent.
In the Italian CPI data for May, consumer prices are forecast to rise a monthly 0.2 percent after a 0.1 percent increase in the final April data.
India's GDP, due at 8 a.m. EDT (1200 GMT), is expected to show the year-over-year rate of economic growth slowed to 6.4 percent in the first quarter from 8.4 percent in the previous quarter, which was the strongest growth in six quarters.
In the US, personal income as well as consumption expenditures are both expected to increase 0.3 percent on the month in April. These would compare with March's 0.5 percent increase in income and stronger-than-expected 0.8 percent increase in consumption. Inflation readings for April are expected at monthly increases of 0.3 percent overall and a modest 0.2 percent for the core (versus 0.3 percent for both in March). Annual rates are expected at 2.7 percent overall and 2.8 percent for the core (matching March's 2.7 and 2.8 percent both of which were slightly higher than expected).
The Chicago PMI is expected to rebound to 40.8 in May versus April's much lower-than-expected 37.9 that followed March's lower-than-expected 41.4. This index has been in long contraction and has missed Econoday's consensus the last five reports.
Canada's monthly GDP data for March is forecast to show flat growth after the economy grew a monthly 0.2 percent in February. In the January-March quarter, the GDP is seen rising a solid 2.3 percent at an annualized pace, partly due to the end of a public sector strike in Quebec, following a 1.0 percent expansion in the fourth quarter.
Atlanta Federal Reserve Bank President Raphael Bostic will give a commencement speech at Augusta Technical College at 6:15 p.m. EDT (2215 GMT).
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
