United Kingdom CBI Industrial Trends Orders July -9 VS. -17 Est.; -15 Prior
Portfolio Pulse from Benzinga Newsdesk
The United Kingdom's CBI Industrial Trends Orders for July came in at -9, better than the estimated -17 and the prior figure of -15. This indicates an improvement in the UK's industrial sector.
July 25, 2023 | 10:00 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The better-than-expected CBI Industrial Trends Orders data may have a positive impact on the iShares MSCI United Kingdom ETF (EWU), as it indicates an improving UK industrial sector.
The CBI Industrial Trends Orders is a leading indicator of the economic health of the UK's industrial sector. A better-than-expected figure suggests an improving industrial sector, which could lead to increased investor confidence in UK-related assets, such as the EWU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80