Reported Earlier, Australia Producer Price Index (YoY) For Q3 3.8% Vs. 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Producer Price Index (PPI) for Q3 has been reported at 3.8%, slightly lower than the previous quarter's 3.9%.
October 27, 2023 | 5:06 am
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NEUTRAL IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the slight decrease in Australia's Q3 PPI.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market. A decrease in the PPI could indicate a slowing economy, which may impact the performance of the ETF. However, the slight decrease from 3.9% to 3.8% is not significant enough to predict a definite impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75