Indicator Showing MoM Change in Manufacturing Production Activities in the UK
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-over-month Manufacturing Production Index indicates how much the manufacturing sector's production activity has increased or decreased compared to the previous month. This data is crucial for understanding the short-term production trends in the UK's manufacturing industry. It is released monthly by the Office for National Statistics (ONS) and is provided with seasonal adjustments.
When the Manufacturing Production Index increases month-over-month, it suggests that the manufacturing sector is expanding, signaling economic growth. Conversely, a decrease in the index indicates that the manufacturing sector is contracting, which may signal economic stagnation. This data serves as an important reference for policymakers when adjusting monetary and industrial policies.
For instance, if the Manufacturing Production Index shows significant growth, the central bank might consider raising interest rates to mitigate inflation risks. Conversely, if the production index declines, it might necessitate strengthening economic stimulus measures. Additionally, this data is vital for businesses and investors, as it helps them understand manufacturing trends and develop economic forecasts.
| 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 | ||
