Germany Gross Domestic Product (QoQ) Q2 0.0% Vs. 0.0% Est.; -0.1% Prior; Gross Domestic Product (YoY) Q2 -0.6% Vs. -0.2% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Q2 Gross Domestic Product (GDP) remained flat quarter-on-quarter, in line with estimates, but down from -0.1% in the previous quarter. Year-on-year, the GDP contracted by -0.6%, worse than the -0.2% estimate and prior figure.
August 25, 2023 | 6:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Germany's flat Q2 GDP QoQ and worse than expected YoY contraction may impact the iShares MSCI Germany ETF (EWG).
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. As such, the country's economic indicators, such as GDP, can significantly impact the ETF's performance. The worse than expected YoY GDP contraction could negatively impact investor sentiment towards German equities, potentially leading to a decrease in the ETF's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Germany's worse than expected Q2 GDP data may impact the Vanguard FTSE Europe ETF (VGK), as Germany is a significant part of the European economy.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European equity market, and Germany, being Europe's largest economy, plays a significant role in this. The worse than expected YoY GDP contraction in Germany could negatively impact investor sentiment towards European equities, potentially leading to a decrease in the ETF's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70