Economic Data Scheduled For Friday

Data on retail sales for April will be released at 8:30 a.m. ET. Analysts expect retail sales rising 1% in April following a massive 9.8% surge in the previous month driven by stimulus checks.
Data on import and export prices for April will be released at 8:30 a.m. ET. Analysts project import prices increasing a monthly 0.6% in April following an unexpectedly rise of 1.2% in March. Export prices are likely to rise 0.8% versus a 2.1% increase in March.
Data on industrial production for April will be released at 9:15 a.m. ET. A 1.2% rise for industrial production is expected for April following an increase of 1.4% in the prior month.
Data on business inventories for March will be released at 10:00 a.m. ET. Analysts expect business inventories rising 0.3% in March.
The University of Michigan's consumer sentiment index for May is scheduled for release at 10:00 a.m. ET. The index is likely to rise further to 90.3 in May versus April's reading of 88.3.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
Federal Reserve Bank of Dallas President Robert Kaplan is set to speak at 1:00 p.m. ET.