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U.K. Manufacturing Purchasing Managers Index (PMI)

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U.K. Manufacturing Purchasing Managers Index (PMI)

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Latest Release
Jan 04, 2022
Actual
57.9
Forecast
57.6
Previous
58.1
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
Importance:
Country:
Currency: GBP
Source: Markit/CIPS
U.K. Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Feb 01, 2022 (Jan) 09:30   57.6 57.6
Jan 04, 2022 (Dec) 09:30 57.9 57.6 58.1
Dec 16, 2021 09:30   57.6   58.1
Dec 01, 2021 (Nov) 09:30 58.1 58.2 58.2
Nov 23, 2021 (Oct) 09:30   58.2 56.3 57.8
Nov 01, 2021 (Oct) 09:30 57.8 57.7 57.1

News

European Stock Futures Higher; New Year Optimism Continues
European Stock Futures Higher; New Year Optimism Continues By Investing.com - Jan 04, 2022

By Peter Nurse  Investing.com - European stock markets are expected to open higher Tuesday, continuing the positive start to the new year on hopes of a steady economic recovery despite a surge in...

Analysis

Manufacturing PMI Discussion

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