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Data from U.K. Office for National Statistics. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom PPI Output MoM fell to 0.0% in June 2026
U.K. Office for National StatisticsMonthlyReleased July 2026
United Kingdom PPI Output MoM fell to 0.0% in June 2026, released July 2026, down 0.3% from May's 0.3% reading. The print came in cooler than the 0.4% consensus, a softer print than forecasters anticipated. PPI Output MoM has now declined for 3 consecutive months. Over the past 3 months, PPI Output MoM averaged 0.95%, vs 0.13% in the prior 3-month window. The reading is in the 38th percentile of the trailing 24-month range.
Latest Release
0
Actual
0.4
Consensus
0.3
Previous
Median Absolute Error
±0.16 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.5
Actual: 0
Error: +0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.67 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| GBP/JPY | ▲ Direct | +0.49 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI Output MoM (United Kingdom) was reported at 0% in July 2026. This missed the market consensus of 0.4% by 0.4%. The reading fell from the previous value of 0.3%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.19%, ranging from -0.5% to 1.4% across 8 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.63%, up from the prior three at -0.13%. Volatility over the past year (σ 0.52%) is higher than the prior year (σ 0.31%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.16%.
WHAT TO WATCH NEXT
The next release is scheduled for August 19, 2026. Same-country events in the next 14 days include CFTC GBP speculative net positions (Jul 31) and S&P Global Construction PMI (Aug 6).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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PPI Output MoM - UK
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About PPI Output MoM — United Kingdom
DEFINITION
PPI Output MoM stands for Producer Price Index Output Month-over-Month. It is a financial indicator that measures the change in prices received by domestic producers for their goods and services on a monthly basis. This indicator is used to track inflation and can provide insights into the overall health of the economy. A positive PPI Output MoM indicates an increase in prices, while a negative reading suggests a decrease. It is an important tool for businesses, policymakers, and investors to monitor and analyze the trends in producer prices.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 0 %, consensus 0.4 %. Prior reading (Jun 2026): 0 %. Before that (Jun 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.67) — a useful reference for index-focused traders.
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Economic Calendar - UK Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 11:00 | UK | BoE Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| 11:00 | UK | BoE MPC Vote Cut | 9 | 9 | 9 | 9.00 | Medium |
| 11:00 | UK | Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| 11:00 | UK | BoE MPC Vote Hike | 39 | 29 | 29 | 34.00 | Medium |
| 11:00 | UK | BoE MPC Vote Unchanged | 69 | 79 | 79 | 74.00 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Nationwide Housing Prices YoY | 1.8 | 2.2 | 1.9 | 2.07 | Medium |
| 06:00 | UK | Nationwide Housing Prices MoM | 0.1 | 0 | 0.1 | 0.28 | Medium |