Manufacturing Production (UK)
Volatile Manufacturing Production
Starts Wednesday, October 17, 2018 at 21:21
Updated Wednesday, October 10, 2018
Manufacturing production has been pretty volatile in the UK since the beginning of the year. We saw a sharp decline in June's report, but it increased again as shown in the reports released in July and August. But the report from September showed another decline, albeit small. Follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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About Manufacturing Production (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.