The typical/expected market impact of this event is low.
The consensus forecast for Manufacturing Production (YoY) is -1%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The most recent announced value for Manufacturing Production (YoY) was 0.2% against a forecast of 1.6%.
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 | ||||
---|---|---|---|---|---|
Average Earnings Excluding Bonus (3Mo/Yr) | Bearish change | 4.8% | 4.7% | ||
Average Earnings Including Bonus (3Mo/Yr) | Bullish change | 4.7% | 5% | ||
Claimant Count Change | Bearish change | 17.4K | 25.8K | ||
Claimant Count Rate | Bearish change | 4.3% | 4.4% | ||
Employment Change (3M) | Bearish change | 232K | 91K | ||
ILO Unemployment Rate (3M) | Bearish change | 4.7% | 4.8% | ||
BRC Like-For-Like Retail Sales (YoY) | Bearish change | 2.9% | 2% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Economic Activity |
Frequency: | Monthly |