U.K. Nationwide House Price Index (YoY) -5.3% Vs. -5.7% Est.; -5.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Nationwide House Price Index has reported a year-on-year decrease of 5.3%, which is slightly better than the estimated decrease of 5.7%, but matches the prior decrease of 5.3%.
October 02, 2023 | 6:01 am
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NEGATIVE IMPACT
The U.K. Nationwide House Price Index, which has a direct impact on the U.K. economy, may affect the performance of the iShares MSCI United Kingdom ETF (EWU).
The U.K. Nationwide House Price Index is a key indicator of the health of the U.K. housing market. A decrease in the index suggests a weakening housing market, which could negatively impact the U.K. economy and, by extension, the performance of the iShares MSCI United Kingdom ETF (EWU), which tracks the U.K. stock market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80