Purchasing managers are likely to report that growth in services and manufacturing in June was slightly less than it was a couple of months ago. On the other hand, though, the NIESR might report that GDP growth was slightly stronger in the second quarter than the first, at 0.3 per cent against 0.2 per cent. Allowing for measurement and sampling error, however, both stories should be similar; growth is positive, but modest.
One reason for the lack of strong growth is that net exports aren't growing sufficiently to offset weak domestic demand. Friday's figures are likely to show only a little narrowing of the trade gap in recent months, despite the twin benefits of the weak pound and good overseas growth. This is probably because exporters have raised their sterling prices in response to the weak pound, and because exports have a high import content, which means net exports can't grow much.
Because of this, official figures are likely to show that manufacturing output in May was actually lower than in December - and, indeed, lower than at its peak in 2007.
There might, though, be one glimmer of better news. Last month, purchasing managers reported that growth in the construction sector was at a 17-month high. We'll see on Tuesday whether this has survived the political uncertainty caused by the general election.
We could also see yet more evidence that the housing market is cooling. The Halifax's index of house prices could show that house prices were flat last month, and that they have fallen in real terms in the past 12 months. Most experts, however, believe that a lack of supply will prevent big price falls.
Elsewhere, we should see more evidence of decent growth in overseas economies. Final purchasing managers' surveys in the eurozone should confirm that the region is growing well, albeit not as rapidly in recent months - a story consistent with official German data on Friday which could show that industrial production in the latest three months was 2 per cent up on the previous three.
And in the US, the ISM survey should show decent growth in manufacturing (albeit a little less than in the early spring), while Friday's numbers should show a net rise in non-farm payrolls of around 200,000. This growth, however, isn't doing much to raise wage inflation, which is likely to be around 2.5 per cent, no higher than last year. This is one reason why most economists expect only very small rises in interest rates this year.
