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Home / Analytics / Economic Indicators / PMI Index (CIPS Manufacturing Index) UK
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PMI Index (CIPS Manufacturing Index) UK

PMI Index (CIPS Manufacturing Index) UK

It is information received from surveys of purchasing managers regarding the producing industry. It helps to follow the changes in new production orders, volume of industrial production, employment, amount of supply orders and, supplier efficiency. Readings below 45-50 tell about reduction in economic development. PMI Index (UK) is often influenced by emotion factors, rather than the actual situation. PMI UK is carefully followed, because the volume of industrial production is not automatically a source of consumer demand. The indicator has significant forex market influence. A value increase of this index leads to the UK pound rate growth. The data on PMI (CIPS Manufacturing Index) is published on the first business day of each month.

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