Manufacturing Production PMI (UK)
Manufacturing Production Made a Reversal From the Declining Trend in January
Starts Wednesday, April 10, 2019 at 08:30
Updated Wednesday, April 10, 2019
Manufacturing production has not been steady last year, especially during the second half of 2018 as the global economy started to turn the tail. In the period from July to November, production has been declining in four months, while it only increased once in September by 0.2%. In October, November and December manufacturing production declined consistently, averaging at more that -0.6% a month. But we saw a reversal and a 0.8% increase in January. Follow us for live coverage of this event by experienced market analysts.
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About Manufacturing Production PMI (UK)
Released by the National Statistics Bureau, Manufacturing Production is an aggregate measure of the U.K.’s industrial output. It is developed for month-over-month and year-over-year comparison, specifically addressing the relative strength of U.K manufacturing.The manufacturing sector represents 12-15% of the total GDP in the U.K. Being a top 10 global exporter, items such as pharmaceuticals, cars, beverages, and appliances are primary vehicles of foreign trade.Manufacturing Production is viewed by traders and investors to be a leading indicator of the U.K.’s short-term economic prowess. A high reading is perceived to be bullish toward the GBP, while a low reading is typically viewed as bearish. Volatility levels for the GBP may increase upon its public release, but Manufacturing Production is not a primary economic indicator for the U.K.