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United Kingdom GBP

United Kingdom PPI Core Output MoM

Info

History

Chart

Impact:

Low

Source: Office for National Statistics

Latest Release:

Date:

Actual:

0.1%

Forecast: 0.1%

Previous/Revision:

0.1%

Period: Oct

Next Release:

Date:

Forecast: 0%

Period: Nov

What Does It Measure?

The United Kingdom PPI Core Output MoM (Producer Price Index Core Output Month-over-Month) measures the average change in prices received by domestic producers for their output, excluding volatile items such as food, beverages, and energy. It primarily focuses on inflation at the producer level, assessing the price trends of finished goods and key areas of production in the manufacturing sector, which can provide insight into future consumer inflation.

Frequency

This indicator is released on a monthly basis, typically published around the middle of the month for the previous month’s data and can include preliminary estimates subject to revision in subsequent reports.

Why Do Traders Care?

Traders closely monitor the PPI Core Output MoM because it serves as a leading indicator of inflationary trends, impacting expectations for future monetary policy. A higher-than-expected reading can strengthen the British Pound and boost equities, while lower readings might signal weaker economic conditions, leading to bearish effects on these assets.

What Is It Derived From?

The PPI Core Output MoM is derived from a survey conducted among manufacturers that gauge the prices at which they sell their products. The data is collected through standardized reporting methods, often based on a sample representing a variety of sectors within the manufacturing industry, and is weighted according to production levels to enhance accuracy.

Description

PPI Core Output MoM reports on the month-over-month changes in producer prices by comparing current data to the previous month, showcasing short-term price trends that can indicate shifts in economic activity. This measure is crucial for understanding pricing pressures in the economy and helps analysts interpret overall inflationary trends, allowing for timely adjustments in monetary policy.

Additional Notes

The PPI Core Output serves as a leading indicator for inflation, providing critical insight into potential future trends in consumer prices. This data is particularly relevant for central banks, as it informs policy decisions and helps predict economic growth based on pricing dynamics.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for GBP, Bullish for Stocks. Lower than expected: Bearish for GBP, Bearish for Stocks. A dovish tone: Signaling lower interest rates or inflation concerns is usually good for the Currency but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Nov 19, 2025	0.1%	0.1%	0.1%
Oct 22, 2025	0.1%	0.2%	0.2%	-0.1%
Feb 19, 2025	0.3%	0.2%	0%	0.1%
Jan 15, 2025	0%	0.1%	0%	-0.1%
Dec 18, 2024	0%	0.2%	0.2%	-0.2%
Nov 20, 2024	0.3%	0%	0%	0.3%
Oct 16, 2024	0%	0.3%	0%	-0.3%
Sep 18, 2024	0.1%	0%	0.1%	0.1%
Aug 14, 2024	0%	0.1%	0%	-0.1%
Jul 17, 2024	0.1%	0.1%	0.2%
Jun 19, 2024	0.2%	-0.1%	0.2%	0.3%
May 22, 2024	0%	0.2%	0.3%	-0.2%
Apr 17, 2024	0.3%	0.4%	0.1%	-0.1%
Mar 20, 2024	0.2%	0.1%	0.3%	0.1%
Feb 14, 2024	0.2%	-0.3%	-0.1%	0.5%
Jan 17, 2024	0%	-0.1%	0%	0.1%
Dec 20, 2023	0%	-0.2%	0.1%	0.2%
Nov 15, 2023	0.1%	0.1%	0%
Oct 18, 2023	0%	0.2%	-0.1%	-0.2%
Sep 20, 2023	-0.1%	0.3%	0.1%	-0.4%
Aug 16, 2023	0.1%	-0.4%	-0.2%	0.5%
Jul 19, 2023	-0.2%	-0.2%	-0.5%
Jun 21, 2023	-0.3%	0.1%	0%	-0.4%
May 24, 2023	0%	0.1%	0.3%	-0.1%
Apr 19, 2023	0.3%	0.2%	-0.2%	0.1%
Mar 22, 2023	-0.2%	0.5%	0.7%	-0.7%
Feb 15, 2023	0.6%	-0.2%	0%	0.8%
Jan 25, 2023	0.1%	0.4%	0.3%	-0.3%
Nov 16, 2022	0.5%	1.6%	0.8%	-1.1%
Oct 19, 2022	0.7%	0.5%	0.5%	0.2%
Sep 14, 2022	0.3%	0.9%	0.8%	-0.6%
Aug 17, 2022	1%	0.9%	0.7%	0.1%
Jul 20, 2022	0.8%	1.2%	1.5%	-0.4%
Jun 22, 2022	1.5%	0.5%	2.2%	1%
May 18, 2022	1.6%	0.9%	1.8%	0.7%
Apr 13, 2022	2%	1.2%	0.7%	0.8%
Mar 23, 2022	0.7%	0.8%	1.2%	-0.1%
Feb 16, 2022	1.1%	0.3%	0.6%	0.8%
Jan 19, 2022	0.5%	0.4%	0.8%	0.1%
Dec 15, 2021	0.8%	0.3%	1.2%	0.5%
Nov 17, 2021	0.7%	0.4%	0.6%	0.3%
Oct 20, 2021	0.5%	0.4%	0.9%	0.1%
Sep 15, 2021	1%	0.3%	1%	0.7%
Aug 18, 2021	0.7%	0.3%	0.6%	0.4%
Jul 14, 2021	0.3%	0.3%	0.7%
Jun 16, 2021	0.4%	0.3%	0.5%	0.1%
May 19, 2021	0.5%	0.3%	0.7%	0.2%
Apr 21, 2021	0.4%		0.3%
Mar 24, 2021	0.1%	0.3%	0.5%	-0.2%
Feb 17, 2021	0.3%	0.1%	0.1%	0.2%
Jan 20, 2021	0.1%	0.1%	0.1%
Dec 16, 2020	0%	0.4%	0.2%	-0.4%
Nov 18, 2020	0.2%	0.1%	0.1%	0.1%
Oct 21, 2020	0.2%	0%	0.1%	0.2%
Sep 16, 2020	0.1%	0.1%	-0.1%
Aug 19, 2020	-0.1%	0.1%	0%	-0.2%
Jul 15, 2020	0%	0%	0%
Jun 17, 2020	0%	0%	0%
May 20, 2020	-0.1%	-0.1%	0.3%
Apr 22, 2020	0.3%	0%	-0.1%	0.3%
Mar 25, 2020	-0.1%	0%	0.1%	-0.1%
Feb 19, 2020	0.1%	0.1%	-0.1%
Jan 15, 2020	-0.1%	0%	-0.1%	-0.1%
Dec 18, 2019	-0.1%	0.1%	-0.1%	-0.2%
Nov 13, 2019	-0.1%	0.1%	-0.1%	-0.2%
Oct 16, 2019	-0.1%	0.1%	0.2%	-0.2%
Sep 18, 2019	0.2%	0.2%	0.4%
Aug 14, 2019	0.4%	0.1%	0.1%	0.3%
Jul 17, 2019	0.1%	0.1%	0.1%
Jun 19, 2019	0.1%	0.2%	0.2%	-0.1%
May 22, 2019	0.2%	0.2%	-0.1%
Apr 17, 2019	0%	0.1%	0.2%	-0.1%
Mar 20, 2019	0.1%	0.2%	0.4%	-0.1%
Feb 13, 2019	0.4%	0.2%	0.1%	0.2%
Jan 16, 2019	0.2%	0.1%	0.1%	0.1%
Dec 19, 2018	0.1%	0.2%	0.4%	-0.1%
Nov 14, 2018	0.3%	0.2%	0.1%	0.1%
Oct 17, 2018	0.1%	0.1%	0.2%
Sep 19, 2018	0.1%	0.2%	0.1%	-0.1%
Aug 15, 2018	0%	0.2%	0.4%	-0.2%
Jul 18, 2018	0.2%	0.2%	0.2%
Jun 13, 2018	0.2%	0.2%	0.2%
May 23, 2018	0.1%	0.3%	0.2%	-0.2%