Economic week ahead: Factories, inflation and consumer spending in focus

MONDAY

Demand for U.S. factory goods has surged during the recent expansion, with consumers and businesses spending heavily on cars, home appliances, appliances and other goods. . The Commerce Department’s report on new orders for durable goods — those designed to last at least three years — will show whether prices are soaring, interest rates are rising, and the economic outlook is on the rise. Not sure if that will affect demand in May.

TUESDAY

The S&P CoreLogic Case-Shiller Home Price Index is expected to show that housing costs continued to rise at a high rate in April. Separate figures last week showed record prices for existing home sales in May as demand from buyers outstripped unusually low supply.

https://www.wsj.com/articles/economy-week-ahead-factories-inflation-and-consumer-spending-in-focus-11656270001?mod=pls_whats_news_us_business_f Economic week ahead: Factories, inflation and consumer spending in focus

Luke Plunkett

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