U.K. Manufacturing Production (MoM) For June 2.4% Vs. 0.2% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
UK's manufacturing production for June increased by 2.4%, significantly higher than the estimated 0.2% and the previous month's -0.1%.
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 UK manufacturing production data for June.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of UK equities. The higher than expected manufacturing production data indicates a stronger UK economy, which could lead to a rise in UK equities and consequently, a positive impact on EWU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80