P&G CFO Says In China, Underlying Market Growth Is Soft And Choppy As Consumer Confidence Remains Weak; U.S. Volume Share Was Up 60 Basis Points, Reflecting 3% Volume Growth
Portfolio Pulse from Benzinga Newsdesk
P&G's CFO has reported that the company is experiencing soft and choppy market growth in China due to weak consumer confidence. However, in the U.S., the company's volume share has increased by 60 basis points, reflecting a 3% volume growth.
October 18, 2023 | 12:48 pm
News sentiment analysis
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NEGATIVE IMPACT
P&G's soft and choppy market growth in China could potentially impact the performance of the iShares China Large-Cap ETF (FXI).
As P&G is a significant player in the consumer goods sector in China, its soft and choppy market growth could potentially impact the performance of the iShares China Large-Cap ETF (FXI), which includes large Chinese companies in its portfolio.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
P&G is experiencing soft and choppy market growth in China, but has seen a 3% volume growth in the U.S.
The weak consumer confidence in China is likely to negatively impact P&G's short-term performance in the region. However, the 3% volume growth in the U.S. could offset this to some extent, leading to a neutral overall impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
P&G's 3% volume growth in the U.S. could potentially have a positive impact on the SPDR S&P 500 ETF (SPY).
As P&G is a significant player in the consumer goods sector in the U.S., its 3% volume growth could potentially have a positive impact on the SPDR S&P 500 ETF (SPY), which includes large U.S. companies in its portfolio.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50