France Consumer Spending (MoM) For August -0.5% Vs. 0.4% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
France's consumer spending for August has decreased by 0.5%, compared to the revised 0.4% increase in the previous month.
September 29, 2023 | 6:45 am
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NEGATIVE IMPACT
The decrease in France's consumer spending could potentially impact the performance of the iShares MSCI France ETF (EWQ).
EWQ tracks the investment results of an index composed of French equities. A decrease in consumer spending indicates a potential slowdown in the economy, which could negatively impact the performance of the equities in the ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80