Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected market impact of this event is low.
There is no forecast value for Manufacturing Production (YoY) yet - check back for updates.
The most recent announced value for Manufacturing Production (YoY) was -1.3% against a forecast of -0.1%.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Manufacturing Production (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bearish change | 0.6% | 0.5% | ||
Gross Domestic Product (YoY) | Bearish change | 0.9% | 0.7% | ||
S&P Global/CIPS Composite PMI | Bearish change | 53.8 | 52.9 | ||
S&P Global/CIPS Manufacturing PMI | Bearish change | 52.5 | 51.5 | ||
S&P Global/CIPS Services PMI | Bearish change | 53.7 | 52.8 |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Economic Activity |
Frequency: | Monthly |