Economic Data Scheduled For Friday
- An advance report on U.S. international trade in goods for April is scheduled for release at 8:30 a.m. ET. Analysts expect April goods trade gap of $64.7 billion.
- Data on personal income and consumer spending for April will be released at 8:30 a.m. ET. Personal income is likely to drop 6.0% in April, while consumer spending is expected to decline 12.6%.
- Data on wholesale inventories for April will be released at 8:30 a.m. ET. Analysts expect wholesale inventories to decline 1.5%.
- The Chicago PMI for May is scheduled for release at 9:45 a.m. ET. The index is expected to rebound to 40.0 in May from an 11-year low level in April.
- The University of Michigan's consumer sentiment index for May will be released at 10:00 a.m. ET. The final reading for May is expected to come in at 74.0.
- Federal Reserve Chairman Jerome Powell is set to speak at 11:00 a.m. ET.
- The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
- Data on farm prices for April will be released at 3:00 p.m. ET.
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