U.S. retail sales dropped for a second month, indicating consumer spending slowed as the second quarter began, data in the coming week may show.
The euro area’s recession is likely to have extended into a sixth quarter in the January-March period. In China, retail sales and industrial production probably increased in April.
The Cannes Film Festival will start in southern France, and the Preakness horse race will be run in Baltimore.
MONDAY, MAY 13
--U.S. retail sales declined for a second month in April, according to a Bloomberg survey, indicating consumer spending slowed at the start of the second quarter. The Commerce Department reports at 08:30 in Washington.
--China releases April industrial production, fixed-asset investment and retail sales data. Industrial output may have risen 9.4 percent, while retail sales may have grown 12.8 percent, according to the median estimate of analysts surveyed by Bloomberg News. March industrial production gained less than estimated while retail-sales growth matched forecasts. 13:30 in Beijing (01:30 EDT).
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