Germany Industrial Production (MoM) For July -0.8% Vs. -0.5% Est.; -1.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for July fell by 0.8%, more than the estimated 0.5% and a decrease from the revised prior of -1.4%.
September 07, 2023 | 6:01 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be negatively impacted by the lower than expected industrial production in Germany.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. Lower than expected industrial production is a negative economic indicator, which could lead to a decrease in the value of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may also be negatively impacted due to its exposure to the German market.
The Vanguard FTSE Europe ETF (VGK) has exposure to the German market. Lower than expected industrial production in Germany could negatively impact the performance of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70