Reported Late Monday, U.K. BRC Retail Sales Monitor (YoY) For September 2.8% Vs. 3.1% Est.; 4.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. BRC Retail Sales Monitor for September reported a year-on-year increase of 2.8%, which is lower than the estimated 3.1% and the prior 4.3%.
October 10, 2023 | 5:06 am
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NEGATIVE IMPACT
The lower than expected U.K. BRC Retail Sales Monitor could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. market. The lower than expected retail sales could indicate a slowdown in the U.K. economy, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80