U.K. Average Earnings Index +Bonus For July 8.5% Vs. 8.2% Est.; 8.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Average Earnings Index +Bonus for July was reported at 8.5%, higher than the estimated 8.2% and the revised prior of 8.4%.
September 12, 2023 | 6:03 am
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POSITIVE IMPACT
The higher than expected U.K. Average Earnings Index +Bonus for July may positively impact the iShares MSCI United Kingdom ETF (EWU) as it indicates a stronger U.K. economy.
The U.K. Average Earnings Index +Bonus is a key indicator of the health of the U.K. economy. A higher than expected figure suggests a stronger economy, which is likely to positively impact U.K. based assets like the EWU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80