UK Gross Domestic Product (GDP) MoM -0.1% Vs. -0.3% Est.; 0.2% Prior; Monthly Gross Domestic Product (GDP) 3M/3M Change 0.0% Vs. -0.1% Est; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
UK's Gross Domestic Product (GDP) MoM has been reported at -0.1%, better than the estimated -0.3% but lower than the prior 0.2%. The 3M/3M change in GDP is 0.0%, also better than the estimated -0.1% and lower than the prior 0.1%.
July 13, 2023 | 6:36 am
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NEUTRAL IMPACT
The reported GDP figures, which are better than estimates but lower than prior figures, may have a neutral to slightly negative impact on the iShares MSCI United Kingdom ETF (EWU).
The GDP figures are a key indicator of economic health. While the figures are better than estimates, they are lower than prior figures, indicating a slowdown in economic growth. This could have a neutral to slightly negative impact on EWU, which tracks the UK market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80