U.K. Nationwide House Price Index (MoM) -0.8% Vs. -0.3% Est.; -0.3% Prior; Nationwide House Price Index (YoY) -5.3% Vs. -3.9% Est.; -3.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index has shown a month-on-month decrease of 0.8%, which is more than the estimated decrease of 0.3%. The year-on-year index has also decreased by 5.3%, more than the estimated 3.9% decrease.
September 01, 2023 | 6:00 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the larger than expected decrease in the U.K. Nationwide House Price Index.
The U.K. Nationwide House Price Index is a key indicator of the health of the U.K. housing market. A larger than expected decrease in this index could indicate a weakening housing market, which could negatively impact the U.K. economy and, by extension, the performance of the EWU ETF, which tracks the U.K. stock market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80