The index represents the change of output in manufacturing, extraction and processing of mineral resources, and communal services.
High or rising indicator values indicate the development of the economy.
In this case the excessive growth of industrial production can lead to inflation, which forces the Bank of England to raise the interest rates to control of the growth rate and price stability.
Effect of market
Since most of the GDP consists of the services, the impact of this indicator on the British Pound dynamics is limited as a rule.
Overall, the growth rate is positive for the pound sterling.