U.K. Industrial Production (MoM) For August -0.7% Vs. -0.2% Est.; -1.1% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. industrial production for August has decreased by 0.7%, which is worse than the estimated decrease of 0.2%. The previous month's decrease was revised to -1.1%.
October 12, 2023 | 6:09 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be negatively impacted by the worse than expected decrease in U.K. industrial production for August.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the U.K. equity market. A worse than expected decrease in industrial production indicates a potential slowdown in the U.K. economy, which could negatively impact the performance of the U.K. equity market and, consequently, the EWU ETF.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100