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
53.7
Forecast
53.6
Previous
51.0
UK Manufacturing PMI for Apr came in at 53.7 versus 53.6 expected (previous 51.0), above forecast, which was positive for the GBP.
What it meant for the GBP
The actual landed above the 53.6 forecast (0.1 above expectations). A reading above forecast is generally bullish for the GBP, and below forecast bearish. On this release the read was positive for the GBP.
New to this release? See what UK Manufacturing PMI measures, the next release and its full history.