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New data Manufacturing Production MoM (May)

7/11/2024

actual 0.4, previous -1.6

The event is the Manufacturing Production MoM (Month-over-Month) for May in the UK. The actual value reported is 0.4%, which is in line with the estimated value of 0.4%. This indicates that there was a 0.4% increase in manufacturing production compared to the previous month. The previous month had a decrease of -1.6%, so this month's increase of 0.4% shows a positive turnaround in manufacturing production. The impact of this event is considered low on the GBP currency.

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