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3 Numbers: UK industry remains upbeat, US CPI, US Home Sales
The number of economic releases picks up on Tuesday, including a new survey on conditions in the UK's industrial sector via the Confederation of British Industry (CBI). We’ll also see an inflation update for the US based on consumer prices, along with the June numbers for existing home sales in the US. UK: CBI Industrial Trends Survey (10:00 GMT) Britain’s economic growth continues to impress. According to recent analysis by the EY Item Club (a London think tank), GDP growth for the UK will reach 3.1 percent for 2014, a bit higher than the 2.9 percent projection published in the spring. Even better, the group ... (full story)