Germany Gross Domestic Product (QoQ) Preliminary For Q3 -0.3% Vs. -0.3% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's preliminary Gross Domestic Product (GDP) for Q3 has been reported at -0.3%, matching the estimated figure. The previous quarter's GDP was 0.0%.
October 30, 2023 | 9:01 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Germany's Q3 GDP matches estimates at -0.3%. This could potentially impact the performance of the iShares MSCI Germany ETF (EWG).
The GDP figure is a key indicator of economic health. A GDP that matches estimates suggests stability, which could maintain investor confidence in the German market and therefore in the EWG ETF. However, the negative GDP growth could also indicate a slowing economy, which may negatively impact investor sentiment. Therefore, the impact on EWG is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80