In the euro area, the National Bank of Belgium's indicator of business conditions - which has tracked the general eurozone economy well - could rise for a fourth successive month, to a 13-month high. This would be consistent with Friday's figures from the ECB. These could show the M1 measure of the money stock (notes, coins and overnight deposits) rising more than 10 per cent year-on-year. This matters, because such growth has in the past been a leading indicator of stronger real growth. The figures will also show that bank lending is now picking up, albeit more so to households than to firms.
In the UK, the CBI is expected to report that retail sales were strong in May. This would be consistent with a Gfk survey on Friday which could show consumer confidence at a 13-year high.