Track UK Manufacturing Production m/m to gauge economic health and consumer conditions.
This is a key indicator of economic vitality, as manufacturing output responds swiftly to fluctuations in the business cycle. It is closely linked to consumer conditions, including employment rates and income levels. Manufacturing constitutes approximately 80% of total Industrial Production, significantly influencing market dynamics.
What it Measures
The change in the total value of output produced by manufacturers, adjusted for inflation.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • Data is released monthly, approximately 40 days after the conclusion of the reporting month.
How Data is Derived
N/A
Also Known As
Factory production
Acronym
N/A