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United Kingdom GBP

United Kingdom PPI 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: Nov

Next Release:

Date:

Period: Dec

What Does It Measure?

The United Kingdom Producer Price Index (PPI) Output measures the average changes in prices received by domestic producers for their output over a specified period. The primary focus is to assess inflationary trends in the economy by evaluating price changes for goods produced, including key components like food and beverages, manufacturing, and energy.

Frequency

The PPI Output is released monthly, with preliminary estimates often published shortly after the month-end, providing early insight into inflation trends.

Why Do Traders Care?

Traders pay close attention to the PPI Output as it can signal inflationary pressures that may influence monetary policy decisions by the Bank of England. Higher-than-expected PPI readings can lead to strengthening of the GBP and bullish market sentiment, while disappointing figures may result in bearish outcomes for both currency and equities.

What Is It Derived From?

The PPI Output is derived from surveys conducted among a wide range of manufacturers, which gather data about the prices they receive for goods at various stages of production. This includes comprehensive statistical methodologies to calculate average price changes, often using a weighted index based on production value.

Description

The PPI Output is typically reported as a month-over-month (MoM) change, which compares current prices to those of the previous month, allowing for a timely assessment of price trends and potential inflation shifts. Traders interpret these monthly results as crucial indicators of economic health, influencing expectations for consumer price inflation and central bank policy moves.

Additional Notes

The PPI Output is considered a leading economic indicator, as it provides insights into future consumer price inflation trends before they manifest in consumer prices. It is often analyzed in conjunction with the Consumer Price Index (CPI) to gauge overall inflation dynamics in the economy.

Bullish or Bearish for Currency and Stocks

If the PPI Output is higher than expected: Bullish for GBP, Bullish for Stocks. If the PPI Output is lower than expected: Bearish for GBP, Bearish for Stocks. A dovish tone: Signaling lower interest rates or economic support, is usually bad for the GBP but good 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
Dec 17, 2025	0.1%	0.1%	0.1%
Nov 19, 2025	0%	0%	0%
Oct 22, 2025	0%	0.2%	0.2%	-0.2%
Feb 19, 2025	0.5%	0.2%	-0.2%	0.3%
Jan 15, 2025	0.1%	0.1%	0.4%
Dec 18, 2024	0.3%	0.2%	-0.1%	0.1%
Nov 20, 2024	0%	-0.1%	-0.4%	0.1%
Oct 16, 2024	-0.5%	-0.3%	-0.3%	-0.2%
Sep 18, 2024	-0.3%	0%	0%	-0.3%
Aug 14, 2024	0%	0.2%	-0.7%	-0.2%
Jul 17, 2024	-0.3%	0.1%	0%	-0.4%
Jun 19, 2024	-0.1%	0.1%	0.3%	-0.2%
May 22, 2024	0.2%	0.4%	0.2%	-0.2%
Apr 17, 2024	0.2%	0.2%	0.3%
Mar 20, 2024	0.3%	0.1%	0%	0.2%
Feb 14, 2024	-0.2%	-0.1%	-0.5%	-0.1%
Jan 17, 2024	-0.6%	-0.2%	0%	-0.4%
Dec 20, 2023	-0.1%	-0.2%	0.3%	0.1%
Nov 15, 2023	0.1%	0.1%	0.6%
Oct 18, 2023	0.4%	0.3%	0.2%	0.1%
Sep 20, 2023	0.2%	0.1%	0.2%	0.1%
Aug 16, 2023	0.1%	-0.2%	-0.2%	0.3%
Jul 19, 2023	-0.3%	-0.3%	-0.6%
Jun 21, 2023	-0.5%	-0.1%	-0.2%	-0.4%
May 24, 2023	0%	0.3%	0%	-0.3%
Apr 19, 2023	0.1%	-0.1%	-0.4%	0.2%
Mar 22, 2023	-0.3%	0.2%	0.5%	-0.5%
Feb 15, 2023	0.5%	0.1%	-0.8%	0.4%
Jan 25, 2023	-0.8%	0.3%	-0.1%	-1.1%
Nov 16, 2022	0.3%	0.5%	0.3%	-0.2%
Oct 19, 2022	0.2%	0.3%	0.1%	-0.1%
Sep 14, 2022	-0.1%	0.9%	1.6%	-1%
Aug 17, 2022	1.6%	0.8%	1.4%	0.8%
Jul 20, 2022	1.4%	1.1%	1.6%	0.3%
Jun 22, 2022	1.6%	1.5%	2.8%	0.1%
May 18, 2022	2.3%	1%	1.9%	1.3%
Apr 13, 2022	2%	1.2%	0.9%	0.8%
Mar 23, 2022	0.8%	0.9%	1.2%	-0.1%
Feb 16, 2022	1.2%	0.6%	0.3%	0.6%
Jan 19, 2022	0.3%	0.6%	1%	-0.3%
Dec 15, 2021	0.9%	0.8%	1.5%	0.1%
Nov 17, 2021	1.1%	0.8%	0.7%	0.3%
Oct 20, 2021	0.5%	0.5%	0.7%
Sep 15, 2021	0.7%	0.4%	0.8%	0.3%
Aug 18, 2021	0.6%	0.4%	0.6%	0.2%
Jul 14, 2021	0.4%	0.6%	0.8%	-0.2%
Jun 16, 2021	0.5%	0.4%	0.4%	0.1%
May 19, 2021	0.4%	0.5%	0.8%	-0.1%
Apr 21, 2021	0.5%	0.3%	0.7%	0.2%
Mar 24, 2021	0.6%	0.3%	0.8%	0.3%
Feb 17, 2021	0.4%	0.2%	0.2%	0.2%
Jan 20, 2021	0.3%	0.2%	0.3%	0.1%
Dec 16, 2020	0.2%	0.1%	0%	0.1%
Nov 18, 2020	0%	0.1%	-0.1%	-0.1%
Oct 21, 2020	-0.1%	0.1%	0.1%	-0.2%
Sep 16, 2020	0%	0.2%	0.3%	-0.2%
Aug 19, 2020	0.3%	0.3%	0.3%
Jul 15, 2020	0.3%	0.2%	-0.2%	0.1%
Jun 17, 2020	-0.3%	0%	-0.8%	-0.3%
May 20, 2020	-0.7%	-0.5%	-0.2%	-0.2%
Apr 22, 2020	-0.2%	-0.4%	-0.2%	0.2%
Mar 25, 2020	-0.3%	0%	0.2%	-0.3%
Feb 19, 2020	0.3%	0.1%	0%	0.2%
Jan 15, 2020	0%	0%	-0.2%
Dec 18, 2019	-0.2%	0.1%	-0.1%	-0.3%
Nov 13, 2019	-0.1%	0%	-0.1%	-0.1%
Oct 16, 2019	-0.1%	0.1%	0%	-0.2%
Sep 18, 2019	-0.1%	0.2%	0.3%	-0.3%
Aug 14, 2019	0.3%	0.1%	-0.1%	0.2%
Jul 17, 2019	-0.1%	0.1%	0.3%	-0.2%
Jun 19, 2019	0.3%	0.2%	0.3%	0.1%
May 22, 2019	0.3%	0.3%	0.1%
Apr 17, 2019	0.3%	0.2%	0.3%	0.1%
Mar 20, 2019	0.1%	0.1%	0%
Feb 13, 2019	0%	0%	-0.3%
Jan 16, 2019	-0.3%	0.1%	0.1%	-0.4%
Dec 19, 2018	0.2%	-0.1%	0.3%	0.3%
Nov 14, 2018	0.3%	0.2%	0.4%	0.1%
Oct 17, 2018	0.4%	0.2%	0.2%	0.2%
Sep 19, 2018	0.2%	0.2%	0%
Aug 15, 2018	0%	0.1%	0.3%	-0.1%
Jul 18, 2018	0.1%	0.3%	0.5%	-0.2%
Jun 13, 2018	0.4%	0.3%	0.4%	0.1%
May 23, 2018	0.3%	0.3%	0.3%
Apr 18, 2018	0.2%	0.2%	0%
Mar 20, 2018	0%	0.1%	0.1%	-0.1%
Feb 13, 2018	0.1%	0.2%	0.4%	-0.1%
Jan 16, 2018	0.4%	0.3%	0.4%	0.1%
Dec 12, 2017	0.3%	0.3%	0.2%
Nov 14, 2017	0.2%	0.3%	0.2%	-0.1%
Oct 17, 2017	0.2%	0.2%	0.4%
Sep 12, 2017	0.4%	0.2%	0.1%	0.2%
Aug 15, 2017	0.1%	0%	0%	0.1%
Jul 18, 2017	0%	0%	0.1%
Jun 13, 2017	0.1%	0.1%	0.4%
May 16, 2017	0.4%	0.2%	0.4%	0.2%
Apr 11, 2017	0.4%	0.1%	0.2%	0.3%
Mar 21, 2017	0.2%	0.3%	0.6%	-0.1%
Feb 14, 2017	0.6%	0.3%	0.2%	0.3%
Jan 17, 2017	0.1%	0.4%	0.1%	-0.3%
Dec 13, 2016	0%	0.2%	0.7%	-0.2%
Nov 15, 2016	0.6%	0.3%	0.3%	0.3%
Oct 18, 2016	0.2%	0.2%	0.1%