Australia Private Sector Credit (MoM) (June) 0.2% Vs. 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's private sector credit for June has been reported at 0.2%, lower than the previous month's 0.4%.
July 31, 2023 | 5:11 am
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NEGATIVE IMPACT
The lower private sector credit in Australia could potentially impact the performance of the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A decrease in private sector credit could indicate a slowing economy, which may negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70