YoY 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 year-on-year industrial production index measures the change in industrial production activities, including mining and manufacturing, for a specific month compared to the same month in the previous year. This index, published monthly by the Office for National Statistics (ONS), is crucial for assessing the economic health and long-term production trends.
Year-on-year data helps to understand how industrial production activities fluctuate over time. An increase in the production index indicates economic expansion and improved production capacity 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 | ||
