Manufacturing Production. UK, 08:00 (GMT+2) 11 Oct

11Oct.202407:00

Manufacturing Production. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), the Office for National Statistics (ONS) will publish its August Manufacturing output data, one of the main indicators reflecting the state of the sector. On a monthly basis, the value is expected to correct from –1.0% to 0.3%. The implementation of the forecast may act as a driver of growth in the national currency quotes.

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11 Oct. 2024 07:00

Industrial Production. UK, 08:00 (GMT+2)

At 08:00 (GMT+2) the UK will publish Industrial Production data for August. Industrial Production gauges the change in the total inflation-adjusted value of output manufacturers, quarries, and utilities produced. The indicator takes into account the manufacturing and mining industries, as well as the power industry. The annual figure is expected to adjust from –1.2% to –0.2%, and the monthly figure — from –0.8% to 0.2%, supporting the pound.

11 Oct. 2024 07:00

Trade Balance. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on the UK Trade Balance for August will be published. This indicator captures the difference between the number of payments for exported and imported goods. The negative dynamics is forecast to slow down from -20.00 billion pounds to -19.20 billion pounds. The implementation of the forecast can put pressure on the UK currency.

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