Eurozone Industrial Production (MoM) For July -1.1% Vs. -0.7% Est.; 0.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Eurozone's industrial production for July has decreased by 1.1%, which is worse than the estimated decrease of 0.7%. The prior figure was a growth of 0.4% (revised).
September 13, 2023 | 9:00 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be negatively impacted by the worse than expected decrease in Eurozone's industrial production for July.
VGK, which tracks the performance of the FTSE Developed Europe All Cap Index, could be negatively impacted by the worse than expected decrease in Eurozone's industrial production. This is because a decrease in industrial production could indicate a slowing economy, which could negatively impact the performance of the companies in the index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80