Germany Industrial Production (MoM) For June -1.5% Vs. -0.4% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for June fell by 1.5%, which is more than the estimated 0.4% and the prior 0.1%.
August 07, 2023 | 6:01 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be negatively impacted by the lower than expected industrial production in Germany.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. A decrease in industrial production is a negative economic indicator, which could lead to a decrease in the value of the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may be slightly impacted by the lower than expected industrial production in Germany.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European equity market, including Germany. A decrease in industrial production in Germany could have a slight negative impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60