Germany Industrial Production (MoM) For August -0.2% Vs. -0.1% Est.; -0.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's industrial production for August has decreased by 0.2%, which is worse than the estimated decrease of 0.1%. The previous month's decrease was revised to 0.6%.
October 09, 2023 | 6:02 am
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NEGATIVE IMPACT
The iShares MSCI Germany ETF (EWG) may be negatively impacted by the worse than expected decrease in Germany's industrial production for August.
The iShares MSCI Germany ETF (EWG) tracks the performance of the German equity market. A decrease in industrial production is a negative economic indicator, which could lead to a decrease in the value of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100