Germany Producer Price Index (MoM) For July -1.1% Vs. -0.2% Est.; -0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Producer Price Index (PPI) for July has decreased by 1.1%, which is significantly lower than the estimated 0.2% decrease and the prior 0.3% decrease.
August 21, 2023 | 6:00 am
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NEGATIVE IMPACT
The lower than expected PPI in Germany may negatively impact the performance of the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German market. A lower than expected PPI indicates a slowdown in the economy, which could lead to a decrease in the value of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK), which includes German stocks, may also be negatively impacted by the lower than expected PPI in Germany.
The Vanguard FTSE Europe ETF (VGK) includes German stocks. A lower than expected PPI in Germany indicates a slowdown in the economy, which could negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60