Germany Consumer Price Index (YoY) Preliminary For October 3.8% Vs. 4% Est.; 4.5% Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's preliminary Consumer Price Index (CPI) for October is reported at 3.8%, lower than the estimated 4% and the previous 4.5%.
October 30, 2023 | 1:11 pm
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NEGATIVE IMPACT
The lower than expected CPI in Germany may impact the performance of the iShares MSCI Germany ETF (EWG).
The Consumer Price Index (CPI) is a key economic indicator. A lower than expected CPI indicates slower economic growth, which can negatively impact the performance of country-specific ETFs like EWG. Therefore, the lower CPI in Germany may lead to a decrease in the value of EWG in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80