U.K. Halifax House Price Index (YoY) For September -4.7% Vs. -4.5% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Halifax House Price Index for September has shown a decrease of 4.7% year-on-year, compared to the revised prior figure of -4.5%.
October 06, 2023 | 6:02 am
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NEGATIVE IMPACT
The U.K. Halifax House Price Index, which has shown a decrease, may impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of the U.K. economy.
The U.K. Halifax House Price Index is a key indicator of the health of the U.K. housing market, which is a significant component of the U.K. economy. A decrease in this index could indicate a weakening economy, which could negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU), as this ETF tracks the performance of the U.K. economy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70