National Statistics (latest release)

Measures Change in the price of goods and raw materials purchased by manufacturers;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 9 days after the month ends;

This data has added importance because it’s released ahead of the CPI;

Why Traders Care It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer;