Retail Sales (GBP, GMT 06:00) – UK Retail Sales for April are expected to contract, implying a -4.8%y/y ex-Fuel reading and a headline at -4.5% y/y.
Personal Income/Consumption (USD, GMT 12:30) – Personal Income is expected to rise by 0.5% in April after a 0.5% March gain. We expect a 0.7% rise in compensation after a 0.3% gain, given a 0.2% April gain for hours-worked and a 0.5% rise for hourly earnings.
Durable Goods (USD, GMT 12:30) – Durable Goods orders are expected to fall -1.0% in April with a -2.5% transportation orders decline, after a 3.2% headline rise in March that included a 9.0% transportation orders rise. Durable orders ex-transportation are pegged to fall -0.2%, after a 0.2% March rise. Defense orders are expected to tick up 0.1%, following a -0.6% March drop.
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