MoM Change in the UK's Industrial Production
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 the production activities of the mining and manufacturing sectors in the UK compared to the previous month. This data, published monthly by the Office for National Statistics (ONS), is crucial for assessing short-term economic trends.
Month-on-month data helps to understand short-term fluctuations in industrial production. An increase in production indicates economic expansion and heightened production activity 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 industrial production is increasing, the central bank might consider raising interest rates to mitigate inflation risks. On the other hand, if production 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 | ||
