U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For August 0.3% Vs. 0.3% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s monthly Gross Domestic Product (GDP) 3M/3M change for August was reported at 0.3%, in line with estimates and higher than the prior figure of 0.2%.
October 12, 2023 | 6:10 am
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POSITIVE IMPACT
The reported GDP figure, which is in line with estimates and higher than the prior figure, may have a neutral to positive impact on the iShares MSCI United Kingdom ETF (EWU).
The GDP figure is a key indicator of economic health. A figure in line with estimates suggests stability, which is generally positive for the market and ETFs like EWU that track it. However, the impact may be moderate as the figure was expected.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80