New data Industrial Production MoM (May)
7/11/2024
actual 0.2, previous -0.9
The event is the "Industrial Production MoM (Month-over-Month) for May" in the UK. The actual value reported is 0.2%, which is an increase from the previous value of -0.9%. The estimate was also 0.2%, so the actual value met expectations. This event is considered to have a low impact on the market. The industrial production MoM measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities in the UK for the month of May. The positive change of 0.2% indicates a slight increase in industrial production compared to the previous month.This is not investment advice. Remember to verify the information provided here.
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