FORESIGHT
Modest Expectations for Week's Data
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This week will offer fresh insight on three major forces affecting the economy: how consumers are behaving, how much prices are rising and how the manufacturing sector is holding up. The busy week of economic data starts with April retail sales Tuesday; economists, expecting a modest consumer pullback, forecast a 0.1 percent decline from March. The April consumer price index, released Wednesday, is forecast to rise 0.3 percent in April and to be up an uncomfortable 3.9 percent over a year earlier. And Thursday, a release on April industrial production will indicate how badly the economic downturn is affecting an important slice of the nation's economy. Economists expect it to have fallen 0.2 percent.
-- Neil Irwin
