U.S. stock index futures followed the lead of global markets, trading lower as investor waited for a batch of economic data.
Sales at U.S. retailers climbed more than anticipated in April, signaling consumers are playing a bigger role in a broadening economic recovery. Total sales rose 0.4%, following an upwardly revised 2.1% surge in March. Sales excluding autos also climbed 0.4%.
A report on industrial production and capacity utilization is due at 9:15 a.m. ET. Industrial production is expected to have climbed 0.8% in April after a 0.1% boost in March, while capacity utilization is seen bumping up to 73.9% from 73.2%. Shortly after the markets open, the University of Michigan's consumer sentiment survey is due out. The sentiment index is expected to have risen to 73.5 from 72.2. A report on business inventories is also on tap.
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