Australia Trimmed Mean Consumer Price Index (QoQ) (Q2) 0.9% Vs. 1.1% Est.; 1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Trimmed Mean Consumer Price Index (CPI) for Q2 came in at 0.9%, lower than the estimated 1.1% and the previous quarter's 1.2%.
July 26, 2023 | 4:40 am
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The lower than expected CPI in Australia could impact the iShares MSCI Australia ETF (EWA), as it may indicate a slower economic growth.
The Consumer Price Index (CPI) is a key indicator of economic health. A lower than expected CPI suggests slower economic growth, which could negatively impact the performance of the iShares MSCI Australia ETF (EWA), as it is composed of Australian stocks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80