Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Industrial Production (MoM) was 0.2% against a forecast of -0.2%.
Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next Industrial Production (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | Bullish change | 0.4% | 0.5% | ||
| Gross Domestic Product (YoY) | Bullish change | 1.2% | 1.4% | ||
| GfK Consumer Confidence | Bullish change | -14 | -13 | ||
| S&P Global Composite PMI | Bearish change | 52.5 | 51.7 | ||
| S&P Global Manufacturing PMI | Bullish change | 51.7 | 52 | ||
| S&P Global Services PMI | Bearish change | 52.5 | 51.7 | ||
| Retail Sales (MoM) | Bullish change | -0.5% | 0.5% | ||
| Retail Sales (YoY) | Bullish change | 1.2% | 2.4% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | -0.9% | 0.6% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | 1.8% | 2.7% | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | (no change) | 3 | 3 |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Office for National Statistics |
| Category: | Economic Activity |
| Frequency: | Monthly |