Slip in consumer confidence despite retail sales growth - London Report

DATA on GDP growth, consumer confidence and house prices are due out this week, and today sees the release of the CBI Distributive Trades Survey.

The CBI’s research is expected to show robust retail sales growth in May.

GDP growth in the first quarter is likely to be revised up to 0.4 per cent quarter-on-quarter on Thursday, according to IHS Global Insights, which said the upward movement is a consequence of marginal growth in industrial production.

Thursday will also see the GfK/NOP consumer confidence index, which is expected to have slipped in May due in part to concerns over the General Election result.

Nationwide is expected to report a 0.4 per cent month-on-month increase in house prices during May at some point this week.

The corporate calendar starts this week with results from Ryanair, out this morning.

Tomorrow will see updates from Brewin Dolphin, Wizz Air, Telford Homes and Scapa Group, and on Thursday IG Group, Paypoint and Tate & Lyle will all report.

On Friday, Frontline and Biofrontera will update the market.