YoY 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 year-on-year industrial production index measures the change in the production activities of the mining and manufacturing sectors in the UK compared to the same month in the previous year. This data, published monthly by the Office for National Statistics (ONS), is a crucial indicator for evaluating the health of the economy.
Year-on-year data helps to understand the long-term trends in industrial production. An increase in production indicates economic expansion and improved production capacity of companies. Conversely, a decrease suggests economic stagnation and a decline in production activities.
This data is essential for policymakers when adjusting monetary and industrial policies. For example, if industrial production is increasing, the central bank may 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 | ||
