Midday Report

it goes to good to better recently ........

ECONOMIC NEWS

UK economic growth reached a record high in May, its highest since data began in 2003, data from the CBI growth indicator showed. The survey of 726 respondents across the manufacturing, retail and service sectors registered record-high growth in business activity, with a balance of +35%, up from +25% in April.

The BCC upgraded its GDP growth forecast from 2.8% to 3.1% for 2014, the highest rate of growth since 2007

GfK"s UK Consumer Confidence Index has increased three points this month to 0. All five measures used to calculate the Index Score saw increases this month.

CAD GDP m/m 0.1% 0.1% 0.2%

CAD RMPI m/m 0.1% 1.2% 0.6%

CAD IPPI m/m -0.2% 0.4% 0.4%

USD Core PCE Price Index m/m 0.2% 0.2% 0.2%

USD Personal Spending m/m -0.1% 0.2% 0.9%

USD Personal Income m/m 0.3% 0.3% 0.5%

USD Chicago PMI 65.5 60.8 63.0