U.K. Manufacturing Purchasing Managers Index (PMI)
Currency: Pound Sterling
Country: United Kingdom
Previous value: 54.9
Market reaction - market price changing right after the data has been published. Follow past market changes by choosing tiker and event date.
The Manufacturing Purchasing Managers Index (PMI) is published by both the Chartered Institute of Purchasing & Supply and the Markit Economics. It demonstrates business conditions in the manufacturing sector. This sector accounts for the large part of total GDP, that's why this index is a major indicator of the overall state of the UK economy, including business conditions. If the index is above 50 points, it will have a positive effect on the GBP. While a result below 50 points is considered to be negative for the currency.
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