UK new monthly GDP, trade balance, index.....>

DUE UP: UK new monthly GDP, trade balance, index of services, construction

output and industrial production data crossing the wires at 0930BST:

* Analysts expect strong GDP growth for May with the m/m median estimate

pencilling in 0.3% growth, and the rolling 3-mth/3-mth rate at 0.2%. 

* The trade balance is expected to narrow in May after April's widening to

stg5.3bn. The median of analysts estimates point to a narrowing of the deficit

to stg2.3bn.

* The m/m median May figure for Index of Services is at 0.3%, unchanged from its

April reading. The 3m/3m figure is pencilled in by analysts at 0.4%, up from

0.2% in April.

* May's Construction output forecast stands at 0.8% on a m/m basis, up from 0.5%

in April. The y/y figure is also anticipated to rise to -2.7% from a -3.3%

previously.

* A rebound is expected in May manufacturing, forecast up to 1% on a m/m basis

and industrial production expected to rise to 0.5% m/m.