United Kingdom GBP

United Kingdom PPI Output YoY

Impact:
Low

Latest Release:

Date:
Actual:
3.4%
Forecast: 3.4%
Previous/Revision:
3.6%
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The Producer Price Index (PPI) Output YoY in the United Kingdom measures the average change over time in the selling prices received by domestic producers for their output. It primarily focuses on price changes in various sectors of the economy, particularly in manufacturing, and assesses inflation pressures faced by producers.
Frequency
The PPI Output is released monthly, typically providing a preliminary estimate on the second or third week of the month following the reporting period.
Why Do Traders Care?
Traders pay close attention to the UK PPI Output YoY as it serves as a leading indicator of consumer price inflation and signals underlying inflation trends that could influence central bank monetary policy. Higher-than-expected PPI figures are typically bullish for the British pound and may impact equity markets positively, while lower readings can have bearish implications for both currencies and stocks.
What Is It Derived From?
The PPI Output is calculated based on a survey of thousands of manufacturers across the UK, where prices are collected for a variety of goods and services produced domestically. The data is processed using statistical techniques to create a weighted index that reflects overall price changes, adhering to industry standards for accuracy and reliability.
Description
Preliminary reports of the PPI Output are based on early estimates, which are subject to revision, while final reports offer a more definitive measure of price changes. The year-over-year (YoY) reporting method is chosen to eliminate seasonal fluctuations, allowing traders to assess long-term trends and inflationary pressures over a year-to-year basis without the noise of monthly variability.
Additional Notes
The PPI Output is considered a leading economic indicator as it can hint at upcoming consumer price index shifts, providing insight into inflationary trends. It often correlates with broader economic developments, impacting not only the UK economy but also influencing trade and economic analysis in global markets.
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.

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 Time Actual Forecast Previous Surprise
3.4%
3.4%
3.6%
3.6%
3.5%
3.5%
0.1%
3.4%
2.7%
3.1%
0.7%
0.3%
0.1%
-0.1%
0.2%
0.1%
0%
-0.5%
0.1%
-0.6%
-0.6%
-0.9%
-0.8%
-0.9%
-0.6%
0.1%
-0.7%
-0.6%
0.3%
-0.1%
0.2%
0.5%
0.8%
-0.3%
0.8%
1.2%
1%
-0.4%
1.4%
1.8%
1.7%
-0.4%
1.7%
1.9%
1.1%
-0.2%
1.1%
1.2%
0.7%
-0.1%
0.6%
1.4%
0.4%
-0.8%
0.4%
-0.1%
-0.3%
0.5%
-0.6%
-0.5%
0.1%
-0.1%
0.1%
0.4%
-0.1%
-0.3%
-0.2%
-0.5%
-0.3%
0.3%
-0.6%
-1%
0.2%
0.4%
-0.1%
-0.2%
-0.5%
0.1%
-0.4%
-0.6%
-0.7%
0.2%
-0.8%
-1.3%
0.3%
0.5%
0.1%
0.5%
2.7%
-0.4%
2.9%
3.6%
5.2%
-0.7%
5.4%
5.9%
8.5%
-0.5%
8.7%
8.6%
11.9%
0.1%
12.1%
12.4%
13.5%
-0.3%
13.5%
13.3%
14.6%
0.2%
14.7%
14.6%
16.2%
0.1%
14.8%
14.6%
16.3%
0.2%
15.9%
15.7%
16.4%
0.2%
16.1%
17.4%
17.1%
-1.3%
17.1%
16.2%
16.4%
0.9%
16.5%
16%
15.8%
0.5%
15.7%
14.7%
14.7%
1%
14%
12.5%
11.9%
1.5%
11.9%
11.1%
10.2%
0.8%
10.1%
10.1%
9.9%
9.9%
9.1%
9.3%
0.8%
9.3%
9.4%
9.4%
-0.1%
9.1%
8.3%
8.6%
0.8%
8%
7.3%
7%
0.7%
6.7%
6.8%
6%
-0.1%
5.9%
5.4%
5.1%
0.5%
4.9%
4.4%
4.5%
0.5%
4.3%
4.8%
4.4%
-0.5%
4.6%
4.5%
4%
0.1%
3.9%
3.5%
2.3%
0.4%
1.9%
1.7%
0.9%
0.2%
0.9%
0.3%
0.1%
0.6%
-0.2%
-0.4%
-0.5%
0.2%
-0.4%
-0.6%
-0.6%
0.2%
-0.8%
-0.9%
-1.4%
0.1%
-1.4%
-0.7%
-1.7%
-0.7%
-0.9%
-0.9%
-0.9%
-0.9%
-0.7%
-0.9%
-0.2%
-0.9%
-0.9%
-0.9%
-0.8%
-1.1%
-1.2%
0.3%
-1.4%
-0.9%
-0.7%
-0.5%
-0.7%
-0.4%
0.3%
-0.3%
0.3%
-0.1%
0.5%
0.4%
0.4%
0.9%
1%
-0.5%
1.1%
1%
0.9%
0.1%
0.9%
0.9%
0.5%
0.5%
0.8%
0.8%
-0.3%
0.8%
0.9%
1.2%
-0.1%
1.2%
1.3%
1.7%
-0.1%
1.6%
1.7%
1.9%
-0.1%
1.8%
1.7%
1.6%
0.1%
1.6%
1.7%
1.9%
-0.1%
1.8%
1.7%
2.1%
0.1%
2.1%
2.3%
2.2%
-0.2%
2.4%
2.1%
2.4%
0.3%
2.2%
2.2%
2.1%
2.1%
2.2%
2.4%
-0.1%
2.5%
2.9%
3%
-0.4%
3.1%
2.9%
3.3%
0.2%
3.3%
3.1%
3.1%
0.2%
3.1%
2.9%
2.9%
0.2%
2.9%
2.9%
3.1%
3.1%
3%
3.3%
0.1%
3.1%
3.2%
3%
-0.1%
2.9%
2.9%
2.5%
2.7%
2.3%
2.7%
0.4%
2.4%
2.3%
2.6%
0.1%
2.6%
2.7%
2.8%
-0.1%
2.8%
3%
3.3%
-0.2%
3.3%
2.9%
3.1%
0.4%
3%
3%
2.8%
2.8%
2.9%
3.3%
-0.1%
3.3%
3.3%
3.4%
3.4%
3.1%
3.2%
0.3%
3.2%
3.1%
3.3%
0.1%
3.3%
3.3%
3.6%
3.6%
3.6%
3.6%
3.6%
3.4%
3.6%
0.2%
3.6%
3.3%
3.7%
0.3%
3.7%
3.7%
3.6%
3.5%
3.2%
2.8%
0.3%
2.7%
2.9%
2.4%
-0.2%
2.3%
2.5%
2.1%
-0.2%
2.1%
1.7%
1.3%
0.4%
1.2%
1.1%
0.9%
0.1%
0.8%
1%
0.3%
-0.2%
0.3%
0%
-0.2%
0.3%
-0.4%
-0.5%
-0.6%
0.1%
-0.7%
-0.4%
-0.7%
-0.3%
-0.7%
-0.8%
-0.9%
0.1%
-0.9%
-1%
-1.1%
0.1%
-1.1%
-1.2%
-1%
0.1%
-1%
-0.9%
-1.4%
-0.1%
-1.2%
-1.2%
-1.5%
-1.5%
-1.3%
-1.4%
-0.2%
-1.3%
-1.3%
-1.8%
-1.8%
-1.8%
-1.9%
-1.8%
-1.7%
-1.6%
-0.1%
-1.6%
-1.5%
-1.6%
-0.1%
-1.5%
-1.5%
-1.6%
-1.6%
-1.6%
-1.7%
-1.7%
-1.6%
-1.7%
-0.1%
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