Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected impact on GBP pairs is medium.
There is no forecast value for Producer Price Index - Output (MoM) n.s.a yet - check back for updates.
The most recent announced value for Producer Price Index - Output (MoM) n.s.a was -0.3% against a forecast of 0%.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Producer Price Index - Output (MoM) n.s.a result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | Bearish change | 0.6% | 0.5% | ||
Gross Domestic Product (YoY) | Bearish change | 0.9% | 0.7% | ||
S&P Global/CIPS Composite PMI | Bearish change | 53.8 | 52.9 | ||
S&P Global/CIPS Manufacturing PMI | Bearish change | 52.5 | 51.5 | ||
S&P Global/CIPS Services PMI | Bearish change | 53.7 | 52.8 | ||
Retail Sales (MoM) | Bullish change | 0.5% | 1% | ||
Retail Sales (YoY) | Bullish change | 1.5% | 2.5% | ||
Retail Sales ex-Fuel (MoM) | Bullish change | 0.7% | 1.1% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 1.4% | 2.3% | ||
GfK Consumer Confidence | Bearish change | -13 | -20 |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Office for National Statistics |
Category: | Inflation |
Frequency: | Monthly |