Eurozone Wages (YoY) For Q2 4.60% Vs. 4.90% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The year-on-year wage growth in the Eurozone for Q2 was reported at 4.60%, lower than the revised prior figure of 4.90%.
September 15, 2023 | 9:00 am
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) may be impacted by the lower wage growth in the Eurozone as it could affect consumer spending and economic growth.
The Vanguard FTSE Europe ETF (VGK) tracks the performance of the European stock market. Lower wage growth in the Eurozone could potentially lead to reduced consumer spending, which in turn could slow economic growth and negatively impact the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75