Manufacturing PMI in Great Britain gains 58.0

Market Leader informed

Today, on Dec 1^st 2010 at 9.30 GMT Great Britain released its Manufacturing PMI data for November.

Current value 58.0 Previous value 54.9 Forecast 54.9

The Manufacturing Purchasing Managers Index (PMI) is an indicator reflecting the sentiments of purchasing managers in manufacturing economic sector.

The report includes the current situation in manufacturing industry (the purchase prices, the effectiveness of using the available production capacity, the reliability of the suppliers and contractors etc.) and a short-term forecast.

The adequate reaction of the business sector to various changes in the business climate makes it possible to consider a Manufacturing PMInews release as an important event for currency markets experts.

It is supposed that an increase in the value of the index makes the GBP currency rate grow.

 

 

The data are published on the 1^st working day of the month following the reporting one.

 

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