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3 Numbers: Fears UK recovery has peaked, US durable goods, US services
The economic numbers start rolling in again after a lull due to a long holiday weekend in the UK and US. One of today’s key releases is the CBI Distributive Trades Survey for Britain, which will provide an early estimate of retail spending for May. Later, the US economy is in focus with two reports: Durable goods orders for April and the preliminary numbers for the services sector via Markit’s purchasing managers’ index. UK: CBI Distributive Trades Survey (10:00 GMT) Is the surprisingly soft pace of economic growth in this first quarter an early clue that Britain’s recovery has peaked? GDP increased 0.3% in ... (full story)
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