U.K. Producer Price Index Input (MoM) For August 0.4% Vs. 0.2% Est.; -0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Producer Price Index Input for August increased by 0.4%, which is higher than the estimated 0.2% and a significant improvement from the previous -0.4%.
September 20, 2023 | 6:01 am
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POSITIVE IMPACT
The higher than expected U.K. Producer Price Index Input could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The Producer Price Index (PPI) is a significant economic indicator that can influence the performance of ETFs like EWU that track the U.K. market. A higher PPI indicates increased costs for producers, which can lead to higher prices for consumers and potentially impact inflation and the overall economy. This could influence investor sentiment and the performance of EWU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80