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In the United States, we’ll get new figures on industrial production, retail sales, housing starts and building permits, the Conference Board’s index of leading economic indicators (LEI), and the preliminary report on consumer sentiment in May. The consensus forecasts are that U.S. industrial production edged up 0.1% in April while retail sales rose 0.2%. The LEI is expected to signal continued growth ahead (0.2%). Overseas, we’ll also get industrial production and retail sales figures from China, while the flashing reading on German real GDP is expected to show a 0.4% rebound in the first quarter. Have a great week and don’t miss the next edition of ISRI's Market Report, to be published on May 28, for a recap of the week’s key economic, trade, commodity, and scrap market highlights!
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