BRC’s Retail Sales Report Due Today
In the domestic calendar, BRC’s retail sales data for May is scheduled for release later today. Among this week’s releases in the UK, the focus will be on trade data for April and the industrial production reading which would provide an insight into the economy’s performance at the start of the second quarter. Also, the publication of the Bank Of England’s inflation report tomorrow will attract some attention.
In Europe, German industrial production showed that output surpassed market expectations in April, echoing the strong rise witnessed in factory orders last week. Across the Atlantic, the labour market conditions index for May, scheduled later today, will offer some perspective on the US job market.