Eurozone Industrial Production (MoM) For August 0.6% Vs. 0.1% Est.; -1.1% Prior
Portfolio Pulse from Benzinga Newsdesk
Eurozone's industrial production for August increased by 0.6%, beating the estimated 0.1% and improving from the previous -1.1%.

October 13, 2023 | 9:01 am
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POSITIVE IMPACT
The increase in Eurozone's industrial production may positively impact VGK, an ETF that tracks European stocks.
VGK, an ETF that tracks European stocks, is likely to be positively impacted by the increase in Eurozone's industrial production. This is because an increase in industrial production often indicates a healthy economy, which can lead to higher corporate profits and thus potentially higher stock prices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80