-
3 Numbers: UK industry stays soft; US small business mood, US jobs
The pace of economic releases picks up a bit on Tuesday, including the monthly update on UK industrial production. Later, new data for two widely followed US indicators – NFIB’s Small Business Optimism Index and the government’s job openings figures – will be closely analysed for clues on the outlook for the economic trend in the second quarter. UK: Industrial Production (08:30 GMT) The Bank of England yesterday, as expected, left its policy rate unchanged at a record low of 0.50%, in part because the inflation rate is currently zero – far below the BoE's 2% target rate. But if “low-flation” is keeping ... (full story)