Data out this week are expected to show the U.S. economy fully hitting its stride at the start of the second quarter.
Monday
The Institute for Supply Management’s manufacturing index for April is likely to show another month of strong demand for factory goods, tempered by high prices for raw materials and long delivery times as supply-chain snarls hamper industry around the globe.
Tuesday
The U.S. trade deficit in goods and services is expected to widen to a fresh record in March. Preliminary data already show the trade gap for goods at a new high as American demand for foreign-made products surges alongside rising incomes and a reopening economy.
