Eurozone Industrial Production (MoM) For May 0.2% Vs. 0.3% Est.; 1.0% Prior
Portfolio Pulse from Benzinga Newsdesk
Eurozone's industrial production for May was reported at 0.2%, lower than the estimated 0.3% and significantly lower than the prior figure of 1.0%.
July 13, 2023 | 9:24 am
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NEGATIVE IMPACT
The lower than expected industrial production in the Eurozone may negatively impact the performance of the iShares MSCI Eurozone ETF (EZU).
The iShares MSCI Eurozone ETF (EZU) tracks the investment results of an index composed of large- and mid-capitalization Eurozone equities. Lower than expected industrial production figures indicate a potential slowdown in the Eurozone economy, which could negatively impact the performance of companies within the EZU ETF, and hence the ETF's performance itself.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80