MoM Change in the UK's Industrial Production Index
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-on-month industrial production index measures the change in industrial production activities, including mining and manufacturing, for a specific month compared to the previous month. This index, published monthly by the Office for National Statistics (ONS), is crucial for assessing short-term economic trends.
Month-on-month data helps to understand how industrial production activities fluctuate over short periods. An increase in the production index indicates economic expansion and heightened production activities among companies. Conversely, a decrease suggests potential economic stagnation and a decline in production activities.
This data serves as an essential reference for policymakers when adjusting monetary and industrial policies. For instance, if the industrial production index is increasing, the central bank might consider raising interest rates to mitigate inflation risks. Conversely, if the production index is decreasing, there might be a need to strengthen economic stimulus measures. Additionally, this index is significant for businesses and investors as it provides insights into manufacturing trends and helps forecast economic prospects.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
