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UK Manufacturing production M/M is a monthly report release about 40 days after the month ends. It is a measure of manufactoring production in UK. It is a high impact leading indicator of economic health.(previous -0.4% forecast 0.4%)meant previous report was -0.4% growth and forecasting a positive 0.4% growth for this report.

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Warren
Warren
1 year ago

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Change in the total inflation-adjusted value of output produced by manufacturers;.Manufacturing makes up around 80% of total Industrial Production and tends to dominate the market impact;It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings;Released monthly, about 40 days after the month ends;
The previous means what the number was when the official statement was released last month. Forecast is what it is expected to be based on a poll of economist

Source(s):

forexfactory.com.

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fuji022
fuji022
1 year ago

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UK Manufacturing production M/M (previous -0.4% forecast 0.4%) means that the value of output produced by UK manufacturing production has stop contraction at 0.4% but expected to increase by 0.4% on month to month comparison basis.

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Kingpin
Kingpin
1 year ago

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The Manufacturing Production is a gauge of the value of output produced by manufacturers. UK Manufacturing Production is an economic indicator of the strength of UK manufacturing activity that forms a large part of total GDP. Typically, if actual figure is better than forecast it is good for currency; a high reading is seen as positive or bullish for the GBP, while a low reading is seen as negative or bearish.

UK Manufacturing production M/M (previous -0.4% forecast 0.4%) means UK manufacturing production month over month forecast is higher than previous figure. This means that if actual figures come out as good as expected or higher (depending on the deviation), it could be bullish for GBP, but if figures are worse, it can potentially move the GBP lower.

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fxpie
fxpie
1 year ago