Australia Retail Sales (MoM) For August 0.2% Vs. 0.3% Est.; 0.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's retail sales for August have been reported at 0.2%, lower than the estimated 0.3% and the revised prior of 0.5%.
September 28, 2023 | 4:20 am
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NEGATIVE IMPACT
The lower than expected retail sales in Australia could potentially impact the iShares MSCI Australia ETF (EWA).
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. Lower than expected retail sales indicate a potential slowdown in the economy, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80