This week: U.S. retail sales, door-to-door sales, Deere & Co. wins

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A look at some of the major trade events and economic indicators to come this week:

ASSESSING RETAIL SALES

The Commerce Department releases its monthly U.S. retail sales tally on Tuesday.

Economists predict sales at restaurants, stores and other retailers rose a seasonally adjusted 0.8% in April from the previous month. This would match the March increase. The retail report only covers about a third of overall consumer spending and does not include services such as haircuts, hotel stays and airline tickets, areas that have rebounded from the depths of the pandemic.

Retail sales, monthly percentage change, seasonally adjusted:

0.6 Nov.

Dec. -1.6

January 2.7

February 1.7

March 0.8

April (est.) 0.8

Source: FactSet

HOUSING MARKET BAROMETER

The National Association of Realtors releases its April snapshot of U.S. home sales on Thursday.

Economists predict that sales of previously occupied U.S. homes slowed to a seasonally-adjusted annual rate of 5.60 million properties last month, from 5.77 million the previous month. March sales were the slowest in nearly two years as rapidly rising mortgage rates and record prices discouraged many potential buyers.

Sales of existing homes, in millions, seasonally adjusted annual rate:

6.33 Nov.

6 December 09

January 6, 49

February 5, 93

March 5.77

April (est.) 5.60

Source: FactSet

Dig it

Wall Street expects a strong quarterly report from Deere & Co.

Analysts predict the tractor and farm equipment maker will report on Friday that its fiscal second-quarter profits and revenue rose from the same period last year. In February, Deere reported mixed results for its fiscal first quarter, as costs related to supply chain disruptions and the late ratification of a labor contract reduced profits.

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