U.K. Gross Domestic Product Preliminary (QoQ) For Q2 0.2% Vs. 0.0% Est.; 0.1% Prior; Gross Domestic Product Preliminary (YoY) For Q2 0.4% Vs. 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The UK's preliminary GDP for Q2 has shown a quarter-on-quarter increase of 0.2%, beating the estimate of 0.0% and the prior figure of 0.1%. The year-on-year preliminary GDP for Q2 also increased to 0.4%, doubling the estimate and prior figure of 0.2%.
August 11, 2023 | 6:02 am
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The iShares MSCI United Kingdom ETF (EWU) could see a positive impact due to the better-than-expected UK GDP figures for Q2.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the UK economy. The better-than-expected GDP figures for Q2 indicate a stronger economy, which could lead to a positive impact on the ETF in the short term.
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IMPORTANCE 80
RELEVANCE 100