U.K. Industrial Production (MoM) For June 1.8% Vs. 0.1% Est.; -0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. industrial production for June increased by 1.8%, significantly higher than the estimated 0.1% and the previous month's -0.6%.
August 11, 2023 | 6:03 am
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POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be positively impacted by the higher than expected U.K. industrial production for June.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. The higher than expected industrial production indicates a stronger U.K. economy, which could lead to an increase in the value of U.K. equities and, consequently, the EWU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80