United Kingdom Industrial Production MoM For May -0.6% Vs. -0.4% Est.; -0.2% Prior; Manufacturing Production MoM For May -0.2% Vs. -0.5% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
UK's industrial production for May fell by 0.6%, more than the estimated 0.4% and previous 0.2%. Manufacturing production also declined by 0.2%, less than the estimated 0.5% but more than the previous 0.1%.
July 13, 2023 | 6:39 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) could be impacted by the lower than expected industrial and manufacturing production in the UK.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the UK economy. Lower than expected industrial and manufacturing production could negatively impact the performance of the ETF in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100