The index represents the price rates changes of the industrial accessories and raw materials. It is one of the inflation indicators. It reflects the inflationary pressures from manufacturers on the economy. The manufacturers’ prices increase may not have an im-pact on the consumer price index due to the possible trade sector expenses fall.
Effect of market
The index has a moderate influence on the British Pound dynamics.
In general, the index growth is a positive sign for the GBP.