United Kingdom GBP

United Kingdom Car Production YoY

Impact:
Low

Latest Release:

Date:
Surprise:
-18.7%
Actual:
-10.7%
Forecast: 8%
Previous/Revision:
-8.2%
Period: Feb

Next Release:

Date:
Forecast: 4.4%
Period: Mar
What Does It Measure?
The United Kingdom Car Production YoY measures the annual change in the number of vehicles produced in the UK, providing insight into the health of the automotive sector. This indicator primarily focuses on manufacturing activity, specifically in the automotive industry, and key areas assessed include production volume, export figures, and employment levels in manufacturing.
Frequency
This report is released monthly, typically on the first business day after the end of the month, and it is considered a preliminary estimate subject to revision in subsequent reports.
Why Do Traders Care?
Traders monitor this event due to its relevance in gauging industrial activity and economic health, which can impact financial markets significantly. Stronger than expected production figures can boost the British pound and increase stock prices in the automotive sector, while disappointing results may apply downward pressure on currencies and stocks.
What Is It Derived From?
The data for the Car Production YoY is derived from surveys of UK automobile manufacturers, wherein the number of vehicles produced is reported by plant managers. The measurement utilizes a diffusion index methodology and incorporates historical production data to derive year-over-year changes.
Description
The Car Production YoY report compares the total number of cars produced in the current year with the same month from the previous year, offering insights into the automotive industry's growth or contraction patterns. As a key performance indicator for manufacturing, this report serves as a barometer for broader economic trends, influencing investment decisions and policy considerations.
Additional Notes
This event is often viewed as a coincident indicator, reflecting current economic conditions within the manufacturing sector. Comparisons with other manufacturing indicators, such as the Purchasing Managers' Index (PMI), can provide additional context for the overall economic climate in the UK.
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
-10.7%
8%
-8.2%
-18.7%
-8.2%
5.3%
17.7%
-13.5%
17.7%
6.7%
-14.3%
11%
-14.3%
-7.6%
-23.8%
-6.7%
-23.8%
-25%
-27%
1.2%
-27%
-8%
-10.2%
-19%
-10.2%
5%
5.6%
-15.2%
5.6%
-12%
-6.5%
17.6%
-6.5%
-27%
-32.8%
20.5%
-32.8%
-9%
-15.8%
-23.8%
-15.8%
13%
17.1%
-28.8%
17.1%
-12%
-11.6%
29.1%
-11.6%
-16.5%
-17.7%
4.9%
-17.7%
-20%
-27.1%
2.3%
-27.1%
-20%
-30%
-7.1%
-30%
-12%
-15.3%
-18%
-15.3%
-9%
-20.6%
-6.3%
-20.6%
-11%
-8.4%
-9.6%
-8.4%
-9.2%
-14.4%
0.8%
-14.4%
-11.5%
-26.6%
-2.9%
-26.6%
-11.9%
-11.9%
-4%
-7%
-7.9%
-7%
-14%
-27.1%
7%
-27.1%
12%
14.6%
-39.1%
14.6%
17%
21%
-2.4%
21%
15%
20.7%
6%
20.7%
6.5%
14.8%
14.2%
14.8%
25%
31.6%
-10.2%
31.6%
21%
39.8%
10.6%
39.8%
-3%
-9.7%
42.8%
-9.7%
18%
31.6%
-27.7%
31.6%
12.5%
16.2%
19.1%
16.2%
14.6%
27%
1.6%
27%
11.9%
9.9%
15.1%
9.9%
5.8%
6.1%
4.1%
6.1%
6.3%
13.1%
-0.2%
13.1%
0.8%
-0.3%
12.3%
-0.3%
0.5%
-17.9%
-0.8%
-17.9%
5.7%
5.7%
12%
7.4%
-6.3%
7.4%
-2.2%
-6%
9.6%
-6%
19%
34%
-25%
34%
7.1%
8.6%
26.9%
8.6%
5.6%
5.6%
13.3%
13.3%
-11.3%
-11.3%
-33.4%
-33.4%
-23%
-41%
-10.4%
-41%
-9%
-20.1%
-32%
-20.1%
-2.3%
-12.7%
-17.8%
-12.7%
-16.3%
-28.7%
3.6%
-28.7%
-6.2%
-41.4%
-22.5%
-41.4%
-26%
-41.5%
-15.4%
-41.5%
-17%
-27%
-24.5%
-27%
-22.3%
-37.6%
-4.7%
-37.6%
-12%
22.1%
-25.6%
22.1%
32.5%
934.3%
-10.4%
934.3%
1500%
34573%
-565.7%
34573%
125%
46.6%
34448%
46.6%
51%
-14%
-4.4%
-14%
-34%
-27.3%
20%
-27.3%
-18%
-2.3%
-9.3%
-2.3%
-26%
-1.4%
23.7%
-1.4%
-27.1%
-18.2%
25.7%
-18.2%
-8.2%
-5%
-10%
-5%
-24%
-44.6%
19%
-44.6%
-10%
-20.8%
-34.6%
-20.8%
-16.8%
-48.2%
-4%
-48.2%
-54%
-95.4%
5.8%
-95.4%
-78%
-99.7%
-17.4%
-99.7%
-92%
-37.6%
-7.7%
-37.6%
-52%
-0.8%
14.4%
-0.8%
-2.1%