Germany Retail Sales (MoM) For August -1.2% Vs. 0.5% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's retail sales for August have decreased by 1.2%, which is lower than the estimated 0.5% and the prior figure of -0.8%.
September 29, 2023 | 6:02 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be impacted by the lower than expected retail sales in Germany for August.
The iShares MSCI Germany ETF (EWG) tracks the investment results of an index composed of German equities. Lower than expected retail sales indicate a potential slowdown in the German economy, which could negatively impact the performance of German equities and, consequently, the EWG ETF.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100