U.K. Producer Price Index Input (MoM) For September 0.4% Vs. 0.9% Est.; 0.8% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Producer Price Index Input for September was reported at 0.4%, lower than the estimated 0.9% and the revised prior of 0.8%.
October 18, 2023 | 6:02 am
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NEGATIVE IMPACT
The lower than expected U.K. Producer Price Index Input could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The Producer Price Index (PPI) is a significant economic indicator that can influence the performance of ETFs like EWU that track the U.K. market. A lower than expected PPI suggests a slowdown in inflation, which could potentially lead to a decrease in the value of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80