UK Mаnufacturing Prоduction gains 0.4%

07 December 05:50 AM

On Dec 7^th 2010 at 9.30GMT GB released its Mаnufacturing Prоduction for October.

Previous value 0.1% Forecast 0.4%

Mаnufacturing Prоduction is an overview of the situation in the industries engaged in the creation and assembly of components and finished products for sale (the net share in industrial production of GB is 80%).

Taking into account the fact that their total contribution to the UK GDP is almost 25%, the news releases on the index may have a significant impact on the national currency rate (GBP). The data are closely connected with the employment and income of the British.

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Consequently, the index can be rated as “very important” for the currency market. So, any positive change in the value serves as a sign of the market participants’ growing bullish sentiments.

The data are usually published in 40 days after the end of the reporting period.

 

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Text: Alexander Dimov