UK Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
51.0
Forecast
51.4
Previous
51.7
UK Manufacturing PMI for Mar came in at 51.0 versus 51.4 expected (previous 51.7), below forecast, which was negative for the GBP.
What it meant for the GBP
The actual landed below the 51.4 forecast (0.4 below expectations). A reading above forecast is generally bullish for the GBP, and below forecast bearish. On this release the read was negative for the GBP.
New to this release? See what UK Manufacturing PMI measures, the next release and its full history.