Germany Producer Price Index (MoM) For September -0.2% Vs. 0.4% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's Producer Price Index (PPI) for September has decreased by 0.2%, missing the estimated 0.4% and lower than the prior 0.3%.
October 20, 2023 | 6:04 am
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NEGATIVE IMPACT
The lower than expected PPI in Germany may negatively impact the performance of the iShares MSCI Germany ETF (EWG).
The Producer Price Index (PPI) is a significant economic indicator that can influence the performance of country-specific ETFs. A lower than expected PPI suggests a slowdown in economic activity, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG).
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100